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Montenegrin Jobless Rate Drop in Q1

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Montenegro's unemployment rate fell to 11.9% in the first quarter of 2024, from 15.5% in the prior-year period and from 12.2% in the fourth quarter of 2023, data from the Podgorica-based Statistical Office of Montenegro (Monstat) on Friday show.

The number of unemployed persons decreased by 2.6% compared to the previous quarter and dropped by 20.3% compared to the first quarter of 2023, to 47,400 at the end of March.

The employment rate in Montenegro was almost unchanged at 63.8% in the first quarter of 2024, compared to 63.9% in the October-December period, and somewhat higher compared to the first quarter of 2023 when it stood at 61.5%.

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