Unemployment Rate in Serbia increased to 12.80 percent in the first quarter of 2021 from 10.70 percent in the fourth quarter of 2020. source: Statistical Office of the Republic of Serbia

Unemployment Rate in Serbia averaged 16.05 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 August of 2021.

Unemployment Rate in Serbia is expected to be 12.50 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 12.30 in 12 months time. In the long-term, the Serbia Unemployment Rate is projected to trend around 10.50 percent in 2022 and 8.20 percent in 2023, according to our econometric models.

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Serbia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.80 10.70 25.50 7.90 2008 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 10:00 AM Q2 7.3% 9.7% 11.2%
2020-11-30 11:30 AM Q3 9.0% 7.3% 11.5%
2021-02-26 11:00 AM Q4 9.9% 9.0% 9.8%
2021-06-30 10:00 AM Q1 12.8% 10.7% 9.8%
2021-08-31 10:00 AM Q2 12.8% 12.5%
2021-11-30 11:00 AM Q3

News Stream
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 Jobless Rate Falls to 9% in Q3
Serbia's unemployment rate fell to 9.0 percent in the third quarter of 2020, from 9.5 percent in the same period of the previous year, as the number of unemployed declined by 5.3 percent to 292 thousand, while employment levels edged down 0.1 percent to 2.94 million. At the same time, the employment rate increased by 0.2 percentage points to 49.9 percent, while the activity rate was unchanged at 54.8 percent.
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.

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.