RRI Live!

Listen to Radio Romania International Live

Romania, from wages to youth unemployment

Eurostat and the National Institute of Statistics - INS announced the data on salaries and the unemployment rate in Romania.

Photo: pixabay.com
Photo: pixabay.com

, 08.11.2024, 13:50

Data from the Statistical Office of the European Union – Eurostat show that the adjusted average annual full-time salary of Romanians is the fourth lowest in the European Union. According to Eurostat, the data show an annual salary increase of approximately 2,500 Euros for 2023. However, the total amount remains less than half of the EU average. Last year, the adjusted average annual salary for the community bloc was 37,900 Euros, while in Romania it was approximately 17,700 Euros, so less than half.

 

On the other hand, the data published by Eurostat also show that the unemployment rate in the euro zone stood at 6.3% in September, stable compared to the previous month, while in the case of the European Union the unemployment rate remained at 5.9%. In Romania as well the unemployment rate stood at 5.5% in September, stable compared to August. And the National Institute of Statistics in Romania announced that the unemployment rate was, in September, nationally, 5.5%, similar to that of August, which had increased slightly compared to the previous month. Most of the unemployed in Romania are adults between the ages of 25 and 74.

 

Financial analyst Adrian Codirlașu believes that the slight increase in unemployment after the middle of the year was caused by the accentuation of the slowdown in economic growth: “Somehow, the unemployment rate returned to the values ​​it had in the previous year. If in the middle of the year we saw a decrease in the unemployment rate, later, starting in August, it returned to the level of 5.5%, so it increased a little, a slight increase. I would put it in the context where we see that the economy has slowed down, and this is seen in the creation of fewer jobs. It’s true, it grew extremely easily, so somehow it’s in the error margin, I would say, we still can’t say ‘yes, unemployment is generated’, but we still see a movement in the direction of a slight increase in the unemployment rate”.

 

Adrian Codirlașu added that the unemployment rate will depend, in the future, on how the economy will perform, but he estimates that it will remain high and even increase slightly, because he does not see a significant improvement in the economy compared to this year, but on the contrary. It is possible, in the context of increasing taxation, for even more redundancies to be generated in the economy, the financial analyst warned.

 

The National Institute of Statistics draws attention, as usual, to the level of unemployment among young people, those aged between 15 and 24, which exceeds 23%, but Adrian Codirlaşu considers it normal that the figure is much higher for this category. ‘Young people must learn, they must go to school to learn. They will be much better off, later, by accumulating that knowledge. Then there is the university, it would be ideal for as many young people as possible to go to university, because a job based on education brings the highest incomes”, the financial analyst says. (LS)

Klaus Iohannis, at the EPC summit (Budapest, Hungary)
Today in the News Friday, 08 November 2024

EPC meeting in Budapest

European leaders met in Budapest to discuss security challenges facing Europe, with an emphasis on the situation in Ukraine, as well as the issues of...

EPC meeting in Budapest
Donald Trump (Photo: Facebook / Donald J. Trump)
Today in the News Thursday, 07 November 2024

Reactions to the election of Donald Trump

Many political leaders around the world have reacted by congratulating the Republican Donald Trump, who announced his victory in the US presidential...

Reactions to the election of Donald Trump
Foto: pixabay.com
Today in the News Thursday, 07 November 2024

Farmers and the Common Agricultural Policy

The Romanian Minister of Agriculture Florin Barbu and the European Commissioner for Agriculture, the Polish Janusz Wojciechowski, who is on formal...

Farmers and the Common Agricultural Policy
Roxana Mînzatu (foto: gov.ro)
Today in the News Wednesday, 06 November 2024

Roxana Mînzatu, endorsed by the Romanian Parliament

Romanian Government’s proposal for the position of European Commissioner in the future Community Executive, the Social Democrat Roxana Mînzatu has...

Roxana Mînzatu, endorsed by the Romanian Parliament
Today in the News Wednesday, 06 November 2024

Japanese Investments in Energy and Technology

Important Japanese companies have expressed their interest, these days, in Bucharest, to invest in Romania, in transport infrastructure, energy,...

Japanese Investments in Energy and Technology
Today in the News Tuesday, 05 November 2024

NATO must stay united

NATO will work with the winner of the US elections, whoever that person may be and will do its best to stay united, NATO secretary general Mark Rutte...

NATO must stay united
Today in the News Monday, 04 November 2024

Moldova stays on path to Europe

Moldova’s pro-European president Maia Sandu won a new  4-year term in Sunday’s second round run-off, with over 55% of the votes cast in the...

Moldova stays on path to Europe
Today in the News Monday, 04 November 2024

Election campaigns in Romania

    The campaign for the general election in Romania started last week, at midnight on Thursday, and will end on 30 November. During this...

Election campaigns in Romania

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company