Bosnia’s jobless rate nears 45% at end-August 2013 – employment agency

By bne IntelliNews October 31, 2013

Bosnia’s jobless rate edged up to 44.9% at end-August 2013 from 44.6% at end-July and 44.5% at end-2012, the country’s labour and employment agency said.

The agency also released jobless data for September 2013, pointing out that the number of registered unemployed rose 1.8% y/y to 555,087, same as the month before. The increase in unemployment remains mainly driven by higher unemployment registrations in the Federation (up 3.1% y/y). In monthly terms, the number of unemployed people in Bosnia inched down 0.1% in September after a 0.5% m/m increase in August. The agency did not provide figures on the September’s unemployment rate.

According to the latest IMF forecast, Bosnia’s unemployment, which remains one of the highest in Europe, is set to decline in the mid-term as the economy recovers. In the short-term, however, the unemployment will stay high and together with IMF-enforced austerity measures it will continue to weigh on private demand in 2013. The Fund sees the Bosnian economy expanding by a moderate 0.5% this year after contracting by an estimated 0.7% in 2012.

Number of registered unemployed in Bosnia Dec'11 Dec'12 May'13 Jun'13 Jul'13 Aug'13 Sep'13 y/y,% m/m,%
Bosnia 536,781 550,574 547,325 548,307 552,989 555,820 555,087 1.8 -0.1
Muslim-Croat Federation 371,090 384,852 383,513 385,253 390,458 394,109 393,157 3.1 -0.2
Serb Republic 153,535 153,458 151,372 150,601 150,091 149,307 149,293 -1.8 0.0
Brcko district 12,156 12,264 12,440 12,453 12,440 12,404 12,637; 3.4 1.9
Unemployment rate, % 43.8 44.5 44.4 44.4 44.6 44.9 / / /
Source: Employment agency                

Related Articles

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

Bosnian Serbs to block work of state-level institutions following genocide case appeal

The parliament of Bosnia & Herzegovina’s Serb-dominated entity, Republika Srpska, voted on February 27 to reject and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss