Montenegro’s unemployment rate falls to 16.1% in 2017

Montenegro’s unemployment rate falls to 16.1% in 2017
Unemployed people by duration of unemployment (in thousands)
By bne IntelliNews April 2, 2018

Montenegro's unemployment rate decreased to 16.1% in 2017 from 17.7% a year earlier, according to the 2017 Labour Force Survey (LFS) issued by the statistics office on April 2.

Montenegro has set the target of reducing the share of unemployed people to 16.6% by 2018. The government hopes that employment will strengthen thanks to stronger investment activity.

The share of long-term unemployed (over one year) of the total number of job seekers increased to 63.7% last year from 63% in 2016.

The number of economically inactive people, including discouraged workers and people not actively seeking employment, totalled 226,600 last year, down from 227,000 in 2016. Their share of the total working-age population slightly declined to 45.3% from 45.4% in 2016.

The employment rate went up to 45.9% last year from 44.8% in 2016.