Unemployment Rate in Croatia Lowest Since 1989

Katarina Anđelković

unemployment rate in croatia - illustration
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June 22, 2023 – The unemployment rate in Croatia for May this year was the lowest since 1989, Prime Minister Andrej Plenković pointed out at the government session on Wednesday.

As Poslovni writes, the registered unemployment rate in Croatia was 5.6 percent in May, the lowest rate since 1989.

According to the data that the Croatian Bureau of Statistics (CBS) takes from the Croatian Employment Service, at the end of May, 97,758 unemployed people were registered in the records of the institute. That is 7,592 people or 7.2 percent less than in April this year.

The registered unemployment rate is calculated as the ratio of the number of unemployed people to the total active population. It was 5.6 percent in May, which is 0.5 percentage points less than in April, data from the CBS show.

On an annual level, the number of unemployed people fell by 11 percent.

According to data from CBS, there were 1,635,429 employees in Croatia in May. That makes about 27 thousand or 1.7 percent more than at the end of April this year. That is 1.3 percent more on an annual basis.

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More and More People Looking to Change Jobs

Another Poslovni piece, notes that one in four employees (26%) say they are likely to change jobs in the next year. It was about 19% in 2022.

PwC’s 2023 global survey on the hopes and fears of employees describes the behaviour of almost 54,000 workers in 46 countries. The results announce the continuation of mass layoffs despite the slight recovery of the global economy.

Workers who say they are most likely to change employers include those who feel overwhelmed (44%). They are followed by those who have problems paying bills every month (38%), and Generation Z (35%).

Among workers who said they were likely to change employers, less than half (47%) said their work was fulfilling. Globally, employees increasingly feel the pinch of cash as future inflationary pressures continue to weigh on wallets.

The share of the global workforce that said they had money left at the end of the month decreased to 38%. Every fifth worker (21%) now works several jobs, while 69% do so because they need additional income. The share of workers with several jobs is highest among Generation Z (30%) and ethnic minorities (28%).

“We all need to make sure we hire talented staff. Moreover, we must promote training programmes and create an attractive work environment”, commented John Gašparac, a partner in charge of PwC Croatia.

 

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