Thursday, November 6, 2008

Romania Oct unemployment rate up at 4.0 pct

BUCHAREST, Nov 6 (Reuters) - Romania's unemployment rate edged up to 4.0 percent in October from a revised 3.9 percent the previous month, but was lower versus October 2007, the employment agency said on Thursday.

Romania is struggling with a growing shortage of workers mainly in the construction and manufacturing sectors, as people seek better pay abroad.

Low unemployment and a race to catch up with European Union standards have put pressure on Romania's labour market, forcing employers into double-digit wage hikes in recent years, fuelling inflationary pressures.

Analysts say many people who are unemployed are not reflected in the official figures because of long-term structural unemployment in rural areas.

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