Seasonally adjusted unemployment rate in Romania, down to5.5pct in July 2023

The seasonally adjusted unemployment rate in Romania dropped to 5.5% in July 2023, down by 0.1 percentage points on a monthly basis, according to data published on Thursday by the National Institute of Statistics (INS).

Male unemployment was 0.6 percentage points higher than female unemployment.

The number of the unemployed (aged 15-74) estimated for July 2023 was 455,400 people, down from the previous month's 457,400 people, and up y-o-y.

By gender, male unemployment exceeded female unemployment by 0.6 percentage points - 5.8% to 5.2%.

According to INS, a high level of 22.3% of the unemployment rate among young people (15-24 years) continues to stand out.

Adult unemployment (25-74 years old) was estimated at 4.5% for July 2023 (4.2% for women and 4.7% for men).

The number of unemployed aged 25-74 made up 77.3% of the July 2023 total estimates.

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