Romania To Have 1 Million Jobless People Next Year – Ex Labor Min

She said 2010 will be a tough year for any government because the measures that have been adopted will not have immediate effects.

Campeanu told a news conference in the northeastern city of Suceava Thursday that the country will count more than 800,000 jobless people by the end of this year and their number will top one million next year.

„The new government will have to take measures that produce immediate effects,” Campeanu said, adding the effects of anti-crisis measures adopted so far will only start to show in a few months or even a year.

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She also said 2010 will be a „dead year” and 2011 will be even tougher because Romania starts paying back its IMF-led bailout loan of nearly EUR20 billion.

Romania’s unemployment rate rose for the 14th month in a row in September to 6.9%, from 6.6% in August, according to the National Employment Agency ANOFM. The total number of unemployed people was of 625,140 at the end of September.

The IMF revised up its estimation on Romania’s 2009 unemployment rate to 9.6%, from a previous forecast of 8.9%. The jobless rate will climb further to 10% in 2010, before falling down to 8.3% in 2011, according to IMF forecasts.