The unemployment rate in Montenegro fell to 17.6% in Q3 from 19.2% in Q2 and 18.8% a year ago, likely reflecting favourable seasonal factors, according to the latest labour force survey of the statistics office.
The share of long-term unemployed (over 1 year) in the total number of job seekers remained high and rose to nearly 83.7% in Q3, up from 82.2% a year earlier.
The employment rate increased 1.1pps q/q but edged down 0.2pps y/y to 42.0% in Q3.
The number of economically inactive persons, including discouraged workers and persons not actively seeking employment, decreased by 1.8% y/y to 240,700 in Q3. Its share in total working-age population also inched down to 48.0% from 48.9% over the period.
Montenegro’s unemployment rate has been largely stagnant at around 20% since 2009, with 70% of unemployment being long term.
Montenegro’s government has decided to speed up the acquisition of Italian A2A's stake in the power firm EPCG, paying €68.9mn for a ... more
The European Commission slammed Montenegro for its lack of progress in fight against organised crime in its progress report released on April 17, and said that the country ... more
Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more