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30.11.2018. -
Positive trend in the labor market


In the third quarter of 2018, number of the employed amounted to 2 929 300, and number of the unemployed to 371 800. Employment rate has reached the highest level, for the period for which the comparable data series are available (2014-2018), amounting to 49.2%, while unemployment rate, in the same period, had the lowest value, amounting to 11.3%.

In the third quarter 2018, the number of employed increased by 47 400 and number of unemployed decreased by 56 400 relative to the third quarter of the previous year. In scope of total employment, decreased was informal employment (by 29 500) and increased was formal employment (by 76 900), dominantly in the activity sections of Manufacturing, Accommodation and food service activities and Wholesale and retail trade and repair of motor vehicles and motorcycles. Such trend is in accordance with registered employment trend, according to the records of Central Registry for Compulsory Social Insurance. 

Employment growth trend, with decreased unemployment were also recorded in comparison with the second quarter 2018. Namely, in the third quarter 2018, number of employed increased by 32 500, and number of unemployed and inactive decreased by 19 700 and 20 700, respectively, relative to the previous quarter. Employment rate was increased by 0.6 (percentage points) p.p. while unemployment and inactivity rates were decreased by 0.6 and 0.3 p.p. respectively.

 Result: