Wednesday, December 10, 2008

Romania Nov unemployment rate up at 4.1 pct

BUCHAREST, Dec 9 (Reuters) - Romania's unemployment rate edged up to 4.1 percent in November from 4.0 percent the previous month, but was lower than November 2007, the employment agency said on Tuesday.

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.

However, in recent weeks, several major industrial companies have announced job cuts as the global financial crisis eats into demand.

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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