Employment rate for working age population down at 65.4 percent in Q1; unemployment up at 4.3 percent
In the first quarter of 2020, the employment rate for the working age population (aged 15-64) was 65.4 percent, decreasing by 0.6 percentage points against the one recorded in the previous quarter, whereas the unemployment rate stood at 4.3 percent, up 0.4 pp against the previous quarter, according to the data published by the National Institute of Statistics (INS) on Friday.
According to the INS, in Q1 2020, the employment rate for the population aged 20-64 was 70.6 percent, 0.6 percentage points over the national target of 70 percent established in the context of the Strategy Europe 2020
.In the same period, Romania’s active population was 8.902 million people, of which 8.520 million were employed and 382,000 were unemployed.
The number of employed persons decreased as compared to the previous quarter by 1.6 percent, but it was higher than the one recorded in the corresponding quarter of the previous year by 0.4 percent, while the number of unemployed increased as against both the previous quarter (by 7.9 percent) and the first quarter of 2019 (by 5.1 percent).
In the first quarter of 2020, the employment rate for the working-age population (15-64 years) was 65.4 percent, decreasing as against the one recorded during the previous quarter by 0.6 percentage points, but increasing as compared to the same period of the previous year by 1.2 percentage points.
The employment rate was higher for men (74.3 percent as against 56.2 percent for women) and for residents in the urban area (67.1 percent as against 63.2 percent in the rural area). The employment rate for youth (aged 15-24) was 23.9 percent.
The unemployment rate in the first quarter of 2020 was 4.3 percent, increasing with 0.4 percentage points as compared with the one recorded in the previous quarter and by 0.2 percentage points as compared to the same period of the previous year.