Montenegro's unemployment rate drops to 13.5% as of end-April.

By bne IntelliNews May 7, 2012
The number of unemployed in Montenegro fell by 2.8% y/y to 31,266 as of end of April, the Employment Agency of Montenegro (ZZZ) announced. The number also dropped slightly compared to a week earlier when it stood at 31,433. The unemployment rate fell marginally over the week to 13.48% (0.07pps). The rate is also lower compared to a month earlier when it stood at 13.57%. The number of announced vacancies has reached 12,301 since the start of the year, down 7.7% y/y. In March, the agency started using active population figure from latest census (232,010), whereas previously, it used data from 2003 (264,276). This led to a substantial increase in the unemployment rate. We calculated the rebased unemployment rate as of end-2011 at 13.2%. This indicated that the unemployment in the country has increased since the start of the year.

Montenegro's unemployment rate drops to 13.5% as of end-April.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss