According to Radulescu, there is room to reduce the jobless rate on the short term, especially in the absence of significant, adverse economic shocks.
Radulescu said the jobless rate is expected to keep falling in the following quarters, adding the possibility for a decline in the jobless rate depends, however, on the dynamics of wages.
Thus, the annual average rate of structural unemployment may fall from 6% in 2016 to 5,8% in 2017, 5,6% in 2018 and 5,5% in 2019, respectively.