Number of registered unemployed in Croatia increases 5.7% y/y at end-Aug.

By bne IntelliNews September 11, 2012
The number of registered unemployed Croatians increased by 5.7% in annual terms and inched up by a monthly 1% to 301,583 at end-August, the national employment service office said in a statement. The figure translates into a jobless rate of around 17.7%, according to IntelliNews calculations, and is down 0.2pps on the month and up 1pps on the year. The number of newly registered unemployed in August alone was 23,906, up 25.4% compared to the same month of 2011. A total of 21,013 individuals were excluded from Croatias unemployment register in August after finding a job, which is a drop of 1.4% compared to a year ago. IntelliNews Comment: We expect that the unemployment rate will continue to increase in annual terms, taking into account the worsened projections for the economic development this year due to the eurozone debt crisis.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more