Unemployment Rate in Serbia decreased to 10.50 percent in the third quarter of 2021 from 11.10 percent in the second quarter of 2021. source: Statistical Office of the Republic of Serbia

Unemployment Rate in Serbia averaged 15.81 percent from 2008 until 2021, reaching an all time high of 25.50 percent in the first quarter of 2012 and a record low of 7.90 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 December 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. In the long-term, the Serbia Unemployment Rate is projected to trend around 10.20 percent in 2022 and 8.20 percent in 2023, according to our econometric models.

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Serbia Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 10:00 AM Q2 11.1% 12.8% 12.5%
2021-11-30 11:00 AM Q3 10.5% 11.1% 10.9%
2022-02-25 11:00 AM Q4 10.5%

Related Last Previous Unit Reference
Unemployment Rate 10.50 11.10 percent Sep/21
Employed Persons 2924500.00 2831100.00 Sep/21
Unemployed Persons 492.14 506.09 Thousand Sep/21
Wages 65562.00 64639.00 RSD/Month Sep/21
Employment Rate 50.00 48.30 percent Sep/21
Labor Force Participation Rate 55.80 54.30 percent Sep/21
Wage Growth 10.50 7.80 percent Aug/21
Labour Costs 97.83 97.28 points Aug/21
Youth Unemployment Rate 22.20 32.20 percent Jun/21

News Stream
Serbia Jobless Rate Falls in Q2
Serbia's unemployment rate declined to 11.1 percent in the second quarter of 2021, from 12.8 percent in the previous three-month period, following the reopening of the economy from the coronavirus-induced restrictions. The number of unemployed people dropped by 11.9 percent to 352.0 thousand and employment rose by 4.0 percent to 2.83 million. The labor force participation rate was up 1.2 percentage points at 54.3 percent and the employment rate increased by 1.9 percentage points to 48.3 percent.
Serbia Jobless Rate Picks Up to 1-Year High of 9.9%
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.

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.