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29.11.2019. -
Labour market dynamics in the third quarter 2019


In the third quarter of 2019, number of the employed amounted to 2 938 700, and number of the unemployed to 308 400. Employment rate for the mentioned period amounted to 49.6%, while unemployment rate, in the same period, had the value of 9.5%.

Compared with the third quarter 2018, employment rate was increased by 0.4 percentage points (p. p.), and unemployment rate decreased by 1.8 p. p. Inter-annual increase of the number of the employed amounted to 9 500, while inter- annual decrease of the number of the unemployed amounted to 63 400. Decreased unemployment was partially transferred to increased employment (by 9 500), but it was mostly due to increased inactivity (by 23 000) and decreased number of population aged 15 and over (by 31 000) in the last year.

In the third quarter 2019, employment was increased by 22 200 and unemployment was decreased by 25 600 compared to the second quarter 2019, thus resulting in increased employment rate by 0.4 p. p. and decreased unemployment rate by 0.8 p. p. The greatest employment increase was noted in Region Vojvodine, by 26 500, where the unemployment was decreased by 12 700. In Beogradski region, the status of active population (employed or unemployed) was moved to status of inactive, whereof employment was decreased by 20 500, and unemployment by 2 900, thus resulting in increased volume of inactive population by 23 700.