Montenegro's unemployment rate drops to 17.6% in Q3 2013 – labour force survey

By bne IntelliNews December 23, 2013

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.

Related Articles

Montenegro plans to privatise tourist resorts in 2017

Montenegro plans to offer state-owned stakes in several resorts and other companies from other industries this year, according to the ... more

Serbian PM proposes Western Balkan customs union

Serbia’s Prime Minister Aleksandar Vucic proposed creating a Western Balkan customs union during his meeting with Austria’s Federal Chancellor Christian Kern on February 17, the government ... more

Protesting mothers try to break into Montenegrin parliament

Montenegro’s police stopped protesting mothers from forcefully entering the parliament building on February 16. Thousands of mothers of three and more children joined the demonstration as they are ... 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