INS: Employment rate in working age population 62.4pct in Q2

 

The employment rate was higher for men (71.6% compared to 52.9% for women) and for people in urban areas (67.4% compared to 56.4% in rural areas). The employment rate of young people (15-24 years) was 22%.

 

On the other hand, the unemployment rate in the second quarter of 2021 was 5.1%, down one percentage point from that recorded in the previous quarter.

 

By gender, the gap between the two unemployment rates was 0.4 percentage points (5.2% for men compared to 4.8% for women), and for residential areas, 4 percentage points (7.4% in the rural areas, compared to 3.4% in urban areas).

 

By age groups, the unemployment rate reached the highest level (17.6%) among young people (15-24 years).

 

According to the INS, distinct from the 7,843,000 employed people, another 780,000 people worked their own agricultural land, in order to produce agricultural goods destined exclusively or mostly for self-consumption, these being in one of the following situations: only a small part of the agricultural production obtained is destined for sale, or the agricultural production obtained is destined exclusively for its own consumption and represents a substantial part of the total consumption of the household.

 

"These persons, included in the employed population according to the survey methodology used until 2020 (including), are starting with the first quarter of 2021 considered inactive or unemployed (depending on whether or not they meet the 3 criteria used in the BIM unemployment definition). Together with the employed persons, they make up the "productive population" whose number was 8,623,000 persons in the second quarter of 2021. This indicator is defined only in the national context and corresponds to the employed population calculated according to the definition used before 2021," says INS.

 

The rate of the productive population - calculated for the age group 15-64 years was in the second quarter of 2021 of 66.3%, and that for the age group 20-64 years, of 71.7%.

 

The INS points out that, starting with 2021, the methodology of the Household Labour Force Survey (source of these data) has been revised to meet the requirements of the new European regulations that came into force on January 1, 2021. The most important change concerns the exclusion from employment of the persons producing agricultural goods intended exclusively or mainly for self-consumption and generates a noticeable impact on the survey estimates, especially in the sense of: reducing the number of employed and active population (as well as employment and activity rates), increasing the unemployment rate (more chosen on account of the decrease in the active population which is the denominator of the indicator). For this reason, the data published for the first and second quarters of 2021 are not comparable with those published for the quarters prior to 2021.