The Croatian Bureau of Statistics published their December Employment report. According to it, the registered unemployment rate in December stood at 7.9% (-1.7 p.p. YoY).

As the Croatian Bureau of Statistics published their December Employment report, we are bringing you key takes from it. According to it, in December the total number of unemployed persons amounted to 131,753, representing a decrease of 11.5% YoY, however an increase of 2.6% MoM. This translates to the total registered unemployment rate of 7.9% (-1.7 p.p. YoY or +0.2 p.p. MoM). The monthly increase of unemployment rate is in line with annual cyclicality of Croatian economy that is reliant on summer tourist season due to which part of work force returns to unemployment every year when the seasons ends. Meanwhile, unemployment rate for women in the same period stood at 9.1% (-1.9 p.p. YoY).

In December 2019, the total number of persons in employment in Croatia was 1.54m, of which 0.72m were women. Compared to November 2019, the total number of persons in employment decreased by 3007 persons. Meanwhile on a YoY basis, the total number of persons in employment increased in December 2019 by 9.5%.

Of that, the total number of persons in paid employment in legal entities amounted to 1.33m, representing an increase of 10.9% YoY or a slight decrease of 0.1% MoM. In the same period, the total number of persons in employment in trades and crafts and free lances decreased by 0.7% MoM, while it increased by 2% YoY.

Unemployement Development in Croatia