OVI Index in May 2021 Shows Labour Demand Higher than in May 2019

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From the perspective of OVI index, the labour market has been showing clear signs of recovery from the crisis caused by the COVID-19 pandemic for the third consecutive month, the EIZ said.

OVI index for May 2021 is many times higher than in the same month last year, but in May 2020, the labour market was extremely inactive due to strict antipandemic rules. However, a comparison of OVI index for May 2021 and for May 2019 shows that labour demand is about 1% higher compared to the pre-pandemic level. This is the first recorded increase in labour demand, compared to the pre-pandemic level, since the pandemic started, the EIZ said.

The most sought-after occupations in May 2021 were salesperson, cook and waiter, with a total combined share in labour demand of about 28%.

“The demand for cooks and waiters has recovered significantly, which is in part a result of relatively late preparation for the tourist season,” EIZ analysts said.

OVI (Online Vacancy Index) is a monthly index of online job advertisements developed by the Zagreb Institute of Economics in cooperation with the web portal MojPosao.

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