Unemployment rate 14.7% in Q4 of 2017

In the last quarter of 2017, there were 2,763,000 employed persons, and 475,600 unemployed in Serbia – says the State Statistical Office.

According to the Labour Survey, in the last quarter of 2017, the unemployment rate stood at 14.7%, compared with 12.9 % the year before, or 13 % in the same quarter of 2016. In Serbia, in the last quarter of 2017 there were 2,763,600 employed and 475,600 unemployed persons.

In the last three months of 2017, the employment rate for workers over 15 years of age was 46.3%. The informal employment rate in the same period in all economic segments amounted to 19.8%, of which nearly two thirds workers in the informal sector were engaged in agriculture.

The informal employment rate represents the share of employees in total employment who worked at unregistered companies, as well as in registered companies, but without a formal job contract, as well as in assisting household members.

In the last quarter of 2017, there were a total 546,400 informal employees. If we add to this 172,800 people who are formally employed but have no right to health or pension insurance, the number of informal employees is 719,200, or 26% – the State Statistical Office reveals.

At the end of 2017, relative to the same period in 2016, employment increased by 32,200, and unemployment by 65,700 persons.

There were no significant changes in youth employment. The number of unemployed person among young people grew by 8,600, while the unemployment rate went up by 2.1% percentage points. The employment rate among young people stood at 21.4%, while unemployment rate at 33.3% in the observed period.

A total of 12,434 households, or 29,454 citizens aged 15 and over participated in the Labour Survey.

(Politika, 06.03.2018)






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