Serbia's unemployment rate rose to 9.9 percent in the fourth quarter of 2020 from 9.7 percent in the corresponding period of the previous year. It is the highest jobless rate since the second quarter of 2019, as the number of unemployed increased by 6.9 thousand to 321 thousand while employment declined by 17.4 thousand to 2.92 million. At the same time, the employment rate was unchanged at 49.7 percent while the activity rate went up by 0.1 percentage points to 55.1 percent. In the third quarter of 2020, the jobless rate was lower at 9 percent. source: Statistical Office of the Republic of Serbia
Unemployment Rate in Serbia averaged 15.68 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 May of 2021.
Unemployment Rate in Serbia is expected to be 10.60 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 9.50 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 9.00 percent in 2022, according to our econometric models.