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Unemployment on a downward path for a year. Unemployment rate is under 6%

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20.04.2011, 23:50 26

The unemployment rate reached 5.92% at the end of March, the12th consecutive month of decline. Between February and March 2011,over 60,000 unemployed were removed from statistics, while thenumber of jobless who feature in the records of the NationalEmployment Agency fell to 539,666 in March.

"We've said for a long time that the unemployment rate wouldfall, because it is going towards a normal, downward trend, afterrising for several months. I think unemployment will continue todecline until the end of the year, when the rate will stabilisesomewhere around 5%, said Silviu Bian, chairman of ANOFM.

The unemployment rate has continued to fall in the past year,although the number of employees has not risen. So, whilst 225,000unemployed were removed from the statistics from March 2010 untilMarch 2011, the number of employees fell by over 200,000 from March2010 until January 2011 (the last month for which the NationalStatistics Institute published data).

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