Unemployment continues downward trend in Bosnia

Unemployment continues downward trend in Bosnia
By bne IntelliNews October 23, 2017

The number of registered unemployed people in Bosnia & Herzegovina decreased by 3.5% y/y at the end of August, after dropping 6.2% y/y in July, reaching 485,088, the country’s statistics office reported.

The International Monetary Fund (IMF) has called on the authorities to accelerate critical reforms in order to achieve more sustainable growth and reduce the high level of unemployment. The country has already started implementing some measures from its 2015-2018 Reform Agenda, required by the European Union (EU), including adjusting its labour legislation in line with EU directives. Implementation of the measures is expected to lower the jobless rate.

The largest number of unemployed were highly skilled and skilled people (160,780), followed by unskilled people (130,730) and people with a high school diploma (134,383). The lowest number of unemployed were those with a two-year college education (7,152), followed by those with university education (42,626).

The number of employed people in Bosnia increased 2.2% y/y to 746,178 in August, according to provisional data.

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