Unemployment Rate in Serbia in the Fourth Quarter of 2021 Decreased to 9.8%

According to the Labor Force Survey (LFS) data for the fourth quarter 2021, number of the employed amounted to 2.91 million, and number of the unemployed to 316,700, so, relative to the third quarter of 2021, the employment rate remained unchanged and amounted to 50%, whereas the unemployment rate went down by 0.7 percentage points, amounting to 9.8% in the fourth quarter 2021, announced the Statistical Office of the Republic of Serbia. As specified, “on the quarter-to-quarter level, there was a decrease in the number of the unemployed (–24,800) and of the employed (–7,200), i.e., of active population (–32,000), while the contingent of out-of-the-labor force population increased (+19,500)”.

– Within the total employment, which was slightly decreased (–7,200) in the fourth quarter compared to the third quarter of 2021, there was an increase in formal employment (+26,000) and a decrease in informal employment (–33,100) – the announcement says.

The Statistical office of the Republic of Serbia says that, in the fourth quarter of 2021, compared to the fourth quarter of 2020, the employment rate increased by 2.4 percentage points, while unemployment rate and the rate of population out of the labor force decreased by 0.9 percentage points and 2.1 percentage points, respectively.

It is also added that, in the fourth quarter of 2021, compared to the fourth quarter of 2020, there was a year-on-year increase of employment (+115,600), with simultaneous decrease of the population out of labor force (–141,600), and unemployment (–18,500). The total observed population (population aged 15 and over) decreased by 44,500.

From 2021, the Statistical Office of the Republic of Serbia conducts the Labor Force Survey according to the new redesigned Eurostat methodology.

Republički zavod za statistiku

Statistical Office of the Republic of Serbia

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