Serbia posts 9% jobless rate in Q3

Figures

Photo by Shutterstock.com

Serbiaʼs unemployment rate stood at 9.0% in the third quarter of 2020, up by 1.7 percentage points compared to the previous quarter, data from the Belgrade-based Central Statistics Office (SORS) showed. 

Photo by Shutterstock.com

In the third quarter of 2019, Serbiaʼs jobless rate was 9.5%. In the July-September period, the unemployment rate among men was 8.8% and among women, it was 9,4%, the data indicated.

Youth employment rate was 21.7%, presenting the decrease of 0.9 percentage point (pp) relative to the same period 2019. Relative to the second quarter 2020, inactivity rate was decreased by 2.8 pp and amounted to 45.2% in the third quarter 2020.

In the same period, unemployment rate was increased by 1.8 pp and was 9% and employment rate was increased by 1.6 pp reaching the level of 49.9% in the third quarter 2020. 

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.