Macro Analysis /

Romania: ILO unemployment rate drops to 5.5% in March

    29 April 2021
    • Estimation method changes, print is not comparable with last year's figures
    • Improvement probably backed by positive hiring mood in construction and retail
    • Unemployment does not increase a lot in 2020, thanks to govt labour support measures and recovery of some sectors in H2
    • We expect more visible deterioration when govt starts reforming big SOEs