- In 2021 the share of underemployed persons1 in the total economically active population was 1.4%, with 0.2 percentage points higher than the previous year2 - Potential additional labour force3 comprised a number of 227.5 thousand persons, decreasing with 9.5% as compared to the previous year - In 2021, the number of ILO unemployed was 459.2 thousand persons Romania's potential additional workforce was 227,500 strong in 2021, down 9.5 percent from the previous year, shows data from the National Institute of Statistics (INS).The share of underemployed people in the total active population was 1.4 percent in 2021, 0.2 percentage points higher than in the previous year, and there were 459,200 ILO unemployed.According to the INS, there are three types of 3 indicators for the various categories of employed or inactive population with certain similarities with the unemployed population and the various degrees of labor market attachment (compared to the standard situation of the category they belong to), specifically: underemployed; inactive people who are looking for a job but are not available to start working; inactive people who are not looking for a job but are available to start working.Together, the last two indicators ("inactive people looking for a job but not available to start work" and "inactive people not looking for a job but available to start work") make up the "potential additional workforce". The set of three indicators constitutes "areas" of differentiation and overlap between the employed and the unemployed population, on the one hand, and the unemployed and the inactive population, on the other hand.Of the inactive population aged 15 - 74 (6.355 million), 227,500 people were part of the potential additional workforce (down 24,000 from the previous year). Of these, 215,200 people were available to start work but were not looking for a job. In 2021, the percentage ratio between this category of persons and the active population was 2.6 percent. 12,300 people were looking for a job but were not available to start work.The INS reports that in 2021, 117,400 part-time workers wanted and were available to work more hours, being considered underemployed. This category accounted for 1.4 percent of the active population, 1.5 percent of the employed population and 39.7 percent of the total number of persons working part-time. Compared to the previous year, the number of underemployed persons increased by 15,700.According to the release, underemployed are employed people who work part-time and who want and are available to work more hours than at present. The potential additional workforce is the sum of two categories: "inactive people looking for a job but not available to start work" and "inactive people not looking for a job but available to start work".
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
