Serbia: Labor Market Still Tensioned
The official unemployment quota decreased slightly. In the last twelve months, the employment situation has improved.
Labor Force Survey was conducted in October 2012, on the sample of approximately 8000 households, on the territory of the Republic of Serbia. Collected were the data on demographic characteristics of all respondents, including the data on working activities of persons aged 15 and over. 22705 persons were interviewed and data on working activities of 20072 persons were obtained.
Unemployment rate, presenting the share of the unemployed in total active population (employed and unemployed) in the Republic of Serbia amounted to 22.4%, i.e. 21.5% regarding the male population and 23.7% regarding the female. Unemployment rate in the Region of Belgrade amounted to 20.1% and in AP Vojvodina to 25.7%. In the Region of Sumadija and West Serbia, unemployment rate was 20.3%, while in the Region of South and East Serbia, it amounted to 23.8%.
Employment rate presents the percentage of the employed in total population aged 15 and over and in October 2012, it amounted to 36.7%. Additionally, employment rate of males was 44.0%, while of females, it was 29.8%. The greatest employment rate was recorded in the Region of Sumadija and West Serbia, amounting to 40.3%, then in Region of Belgrade - 35.8%, Region of South and East Serbia – 35.1% and finally Region of Vojvodina – 34.9%.
Unemployment rate in October 2012 decreased by 3.1% if compared to April 2012, while employment rate increased by 2.4%. Unemployment rate in October 2012 decreased by 1.3%, compared to October 2011, while employment rate increased by 1.4%. Informal employment rate in October 2012 increased by 0.1%, in comparison to October 2011 and by 0.9%, related to April 2012.
Informal employment presents share of persons employed in non-observed (black) sector of economy, out of total number of the employed. Non-observed economy covers employees in non-registered companies, employees in registered company, but without any legal working contract and without social and pension insurance, also including unpaid family workers.
The main aim of conducting the Labor Force Survey is collecting the data on working characteristics of population and estimation of total labor force in the country, according to international recommendations and definitions, i.e. providing the data on three basic, mutually exclusive contingents of population aged 15 and over: employed, unemployed and inactive population.
Population is classified in one of the enlisted groups, on the basis of information provided from the questionnaire, regarding the activity of the interviewed persons in the observed week.
Labor force (active population) includes all persons who work (at least an hour in a week) or persons who actively seek for a job, with the aim of providing the basic living means.