Montenegro’s unemployment rate falls to 20.19% in early July

Montenegro’s unemployment rate falls to 20.19% in early July
By bne IntelliNews July 18, 2017

Montenegro's registered unemployment rate stood at 20.19% on July 3, data from the country’s employment agency showed on July 18. A month earlier, the jobless rate was 20.97%.

The July 18 data is in line with the government’s 2015-2018 macroeconomic projections, according to which the employment level was expected to rise by 0.6% per year, while the Montenegro unemployment rate was forecast to decline.

There were a total of 46,843 registered job seekers as of July 3, up 18.7% y/y.

Montenegro's unemployment rate fell to 17.4% in the first quarter of 2017 from 17.5% in the previous three months, according to the statistics office's latest labour force survey.

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