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28.02.2022. -
Labour market dynamics in the fourth quarter 2021


According to the LFS data for the fourth quarter 2021, number of the employed amounted to 2 917 400, and number of the unemployed to 316 700.

In the fourth quarter 2021, relative to the third quarter of 2021, the employment rate remained unchanged and amounted to 50.0%. The unemployment rate went down by     0.7 pp, amounting to 9.8% in the fourth quarter 2021.

On quarter-to-quarter level, decreased was the number of the unemployed by (-24 800) and of the employed (-7 200), i.e. of active population (-32 000), while the contingent of out of the labour force population increased by (+19 500).

Within the total employment, which was slightly decreased (-7 200) in the fourth quarter compared to the third quarter of 2021, there was an increase in formal employment (+ 26 000) and a decrease in informal employment   (-33 100).

In the fourth quarter of 2021, compared to the fourth quarter of 2020, the employment rate increased by 2.4 pp, while unemployment rate and the rate of population out of the labour force decreased by 0.9 pp and 2.1 pp, respectively.

In the fourth quarter of 2021, compared to the fourth quarter of 2020, there was a year-on-year increase of employment (+115 600), with simultaneous decrease of the population out of labour force (-141 600), and unemployment (- 18 500). The total observed population (population aged 15 and over) decreased by 44 500.

From 2021. Statistical Office of the Republic of Serbia conduct Labor Force Survey according to the new redesigned Eurostat methodology. More information on methodological changes and their effects on major statistical indicators are available in the special publication «Labor Force Survey, new methodology 2021”, on the web page https://www.stat.gov.rs/en-US/oblasti/trziste-rada/anketa-o-radnoj-snazi

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