unemployment rate

Romania’s unemployment rate will not go over 10% in 2010, although it will continue its increase until April, and unemployment rate could stand at 8.8% or 8.9%, national employment agency ANOFM former general secretary Eugen Preda said Friday.

Romania’s average unemployment rate will decrease from 7.8% in 2009 to 7.3% in 2010, and the number of unemployed people will be of 645,000 at the end of 2010, down 55,000 compared to the end of this year, according to Romania’s social security draft budget, obtained by MEDIAFAX.

Romanian unemployment will increase in the following period and Romania needs more flexible labor regulations, structural reforms and “the courage to create new jobs,” central bank’s governor Mugur Isarescu said Friday.