The unemployment rate in Serbia fell to 7.3 percent in the second quarter of 2020 from 10.3 percent in the corresponding period of the previous year. It was the lowest jobless rate since series began in 2008, as the number of inactive people rose by 153.8 thousand, or 5.7 percent to 2,831 thousand due to the coronavirus crisis. The number of unemployed persons dropped by 111.1 thousand, or 33.3 percent to 222.9 thousand and the number of employed went down by 72.3 thousand, or 2.5 percent to 2,844.2 thousand. Meantime, the labor force participation rate decreased to 52 percent from 54.8 percent a year ago and the employment rate declined to 48.2 percent from 49.2 percent in Q2 2019. source: Statistical Office of the Republic of Serbia

Unemployment Rate in Serbia averaged 16 percent from 2008 until 2020, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 7.30 percent in the second quarter of 2020. This page provides - Serbia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Serbia is expected to be 14.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Serbia to stand at 15.10 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 13.40 percent in 2021 and 12.00 percent in 2022, according to our econometric models.

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Serbia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.30 9.70 25.50 7.30 2008 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 11:00 AM Q3 9.5% 10.3% 10%
2020-02-28 11:00 AM Q4 9.7% 9.5% 10%
2020-05-29 10:00 AM Q1 9.7% 9.7% 11.60%
2020-08-31 10:00 AM Q2 7.3% 9.7% 11.2%
2020-11-30 11:00 AM Q3 7.3% 14.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Serbia Jobless Rate Falls to Record Low as Fewer People Look for Work
The unemployment rate in Serbia fell to 7.3 percent in the second quarter of 2020 from 10.3 percent in the corresponding period of the previous year. It was the lowest jobless rate since series began in 2008, as the number of inactive people rose by 153.8 thousand, or 5.7 percent to 2,831 thousand due to the coronavirus crisis. The number of unemployed persons dropped by 111.1 thousand, or 33.3 percent to 222.9 thousand and the number of employed went down by 72.3 thousand, or 2.5 percent to 2,844.2 thousand. Meantime, the labor force participation rate decreased to 52 percent from 54.8 percent a year ago and the employment rate declined to 48.2 percent from 49.2 percent in Q2 2019.
2020-08-31
Serbia Jobless Rate at 9.7% in Q1
The unemployment rate in Serbia dropped to 9.7 percent in the first quarter of 2020 from 12.1 percent in the corresponding period of the previous year. The number of unemployed persons declined by 79.6 thousand, or 19.8 percent to 310.3 thousand and the number of employed rose by 66.9 thousand, or 2.4 percent to 2,877.4 thousand. Meantime, the labor force participation rate went up to 54 percent from 53.9 percent a year ago and the employment rate advanced 1.4 percent from a year earlier to 48.7 percent.
2020-05-29
Serbia Jobless Rate Falls to 9.7% in Q4
The unemployment rate in Serbia dropped to 9.7 percent in the fourth quarter of 2019 from 12.9 percent in the corresponding period of the previous year. The number of unemployed persons declined by 102.5 thousand, or 24.6 percent, to 314.1 thousand and the number of employed rose by 12.9 thousand, or 4.3 percent, to 2,938.2 thousand. Meantime, the labor force participation rate went up to 55 percent from 54.4 percent a year ago and employment rate advanced 2.3 percent from a year earlier to 49.7 percent. In the third quarter of 2019, the jobless rate was lower at a record low 9.5 percent.
2020-02-28
Serbia Jobless Rate at Fresh Record Low of 9.5% in Q3
The unemployment rate in Serbia decreased to 9.5 percent in the third quarter of 2019 from 12.9 percent in the corresponding period of the previous year. It was the lowest jobless rate since comparable data became available in 2008. The number of unemployed persons fell by 63.4 thousand, or 17.1 percent to 308.4 thousand and the number of employed rose by 9.5 thousand, or 0.3 percent to 2.938.7 thousand. Meantime, the labor force participation rate went down to 54.8 percent from 55.5 percent a year earlier and employment rate advanced to 49.6 percent from 49.2 percent. In the second quarter, the jobless rate was higher at 10.3 percent.
2019-11-29

Serbia Unemployment Rate
In Serbia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.