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.

Unemployment Rate in Serbia averaged 16.24 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 9.50 percent in the third quarter of 2019. 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 June of 2020. source: Statistical Office of the Republic of Serbia

Unemployment Rate in Serbia is expected to be 14.20 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 16.80 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 13.90 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
9.70 9.70 25.50 9.50 2008 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 10:00 AM Q2 10.3% 12.1% 11.3%
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 9.7% 14.2%
2020-11-30 11:00 AM Q3 15.5%


News Stream
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 Jobless Rate at Fresh Record Low of 10.3% in Q2
The unemployment rate in Serbia decreased to 10.3 percent in the second quarter of 2019 from 11.9 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 57.6 thousand, or 14.7 percent to 334 thousand and the number of employed rose by 19.7 percent, or 0.7 percent to 2,916.5 thousand. Meantime, the labor force participation rate went down to 54.8 percent from 55.1 percent a year earlier and employment rate advanced to 49.2 percent from 48.6 percent. In the first quarter, the jobless rate was higher at 12.1 percent.
2019-08-30

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.