Business

Both Croatian Employment and Unemployment Fall

By 26 October 2018

ZAGREB, October 26, 2018 - Croatian employment and unemployment fall. At the end of September, there were 1.43 million people in work in Croatia, which is 0.9 percent or 12,911 fewer than at the end of August, while the unemployment rate fell to a new record low of 8.4 percent, the latest data from the national statistical office shows.

According to figures from the Croatian Employment Service (HZZ), 130,577 jobseekers were registered with the HZZ at the end of September, 3,534 fewer than the previous month.

It was the eighth month in a row to see a decline in the registered unemployment rate, to a new record low of 8.4 percent from 8.5 percent in August.

Commenting on the latest figures, analysts at the Croatian Chamber of Commerce (HGK) said that this was the third consecutive year that the number of unemployed persons registered with the HZZ had dropped in September after the peak tourist season. They said that the main reason for this was that in recent years fewer people were registering with the HZZ in September.

"This is due, in part, to a more dynamic economic activity, including a better post-summer tourist season, and at the same time negative demographic and emigration trends," the HGK said.

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