NSI: Unemployment rate down slightly in November 2024 compared to October

Business Forum

8 January, 2025 at 10:45 AM

The unemployment rate in Romania reached 5.3% in November 2024, down by 0.1 percentage points compared to October 2024, data released on Wednesday by the National Institute of Statistics (NIS) show. The unemployment rate for men was 0.5 percentage points higher than for women.

The number of unemployed persons (aged 15-74) estimated for November 2024 was 435,600 persons, down from the previous month (441,100 persons) and from the same period of the previous year (449,400 persons).

By gender, the unemployment rate for males exceeded that for females by 0.5 percentage points (the values were 5.5% for males and 5% for females).

The NIS notes that the youth (15-24 year olds) unemployment rate remains elevated at 25.3% from July through September 2024.

For adults (ages 25-74), the unemployment rate was estimated at 4% for November 2024 (3.8% for females and 4.1% for males).

The number of unemployed 25-74 year olds is 70.9% of the total number of unemployed estimated for November 2024.

Imoteca expands portfolio in Romania and extends operations into Spain

Imoteca - The residential experts - announces a significant expansion of its portfolio in Romania and the launch of sales operations for the real estate market in Spain.

Economy

Year-end closing: clarifications and recommendations for companies

In today's dynamic economy, the financial year-end poses a significant challenge for Romanian companies.

Energy

Monsoon connected largest Energy Battery Storage capacity in Romania to national grid

The capacity is part of the first hybrid photovoltaic-wind-battery project, installed at the existing operational 50 MW project.

Economy

Kearney's 2024 FDI Confidence Index reveals continued optimism among executives

A striking 88 percent of respondents across the world said they were planning to increase their FDI in the next three years—up 6 percent from last year.

Energy

Romania has resources to catch up Spain in production of green energy

Romania has the capacity and all the resources to make the transition to renewable energy as quickly as possible and to become a 100% green country.

Economy

Draft law for implementing Employee Stock Option Plan in Romania

An innovative legislative project aimed at amending Law No. 31/1990 on companies, has entered the final decision-making stage in the Chamber of Deputies.