labor market challenges

Serbia’s labor market challenges: Declining unemployment rising wages and industry disparities

Official data shows that in the fourth quarter of 2024, the number of employed people in Serbia was 2,894,900, while the number of unemployed individuals was 273,100. The number of people outside the labor force stood at 2,462,200, according to the Republic Statistical Office's labor force survey. The employment rate was 51.4%, and the unemployment rate was 8.6%. Comparing the latest statistics with the third quarter of the previous year, the labor market situation shows a decline in employment and…