Croatia's job vacancy rate highest since EU entry

The job vacancy rate in Croatia jumped in the first quarter of 2016 to the highest level since the country's accession to the EU, and its level was record high also at the EU level, show statistics the EU's statistical office Eurostat published on Monday.

The seasonally unadjusted job vacancy rate in the January-March period in Croatia jumped to 1.9%, the highest level since the country joined the EU. In the previous quarter, it was 0.7% and in the January-March period 2015 it was 1.4%, show Eurostat data.

The job vacancy rate measures the percentage of vacant posts, compared with the total number of occupied and unoccupied posts and it signalises how balanced job demand and supply are. A higher job vacancy rate signalises unmet demand and a lower rate signalises a better balance of job demand and supply.

Croatia's job vacancy rate in Q1 this year was the same as Austria's and close to the EU and euro area average, which was 1.8% and 1.7% respectively, 0.1 percentage point each higher than in the previous quarter. At the same time, it was at the highest level since the monitoring of the indicator started in Q1 2010.

The highest job vacancy rates in the EU were reported by Belgium, 2.6%, followed by the Czech Republic, Germany and Sweden with 2.5% each.

Greece reported the lowest job vacancy rate, 0.2% in Q4 2015. It was followed by Spain and Portugal with 0.7% each and Poland, with 0.8%.

Last update: Fri, 24/06/2016 - 08:49

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