Slightly fewer unemployed in Croatia in December

The seasonally-adjusted unemployment rate in Croatia in December dropped slightly compared to November while the European Union recorded the lowest rate in the past six years, shows a Eurostat report released on Tuesday.

According to the International Labour Organisation's (ILO) methodology, Croatia recorded a seasonally-adjusted unemployment rate of 16.5% which was 0.1 percentage points less than in November, Eurostat reported. This was a drop of 1.2 percentage points on the year.

According to Eurostat, there were 308,000 jobless in Croatia in December, which was one thousand less than the preceding month and 26,000 less on the year.

At the end of 2015, Croatia was among those EU countries with the highest seasonally-adjusted unemployment, according to ILO methodology.  The highest unemployment rates in the EU however, were recorded in Greece (24.5% in October 2015) and Spain (20.8%).

The lowest unemployment rates in December 2015 were recorded in the Czech Republic and Germany (both 4.5%), Malta and the United Kingdom (both 5.1%, October data for the UK).

The unemployment rate in the European Union was 9.0% in December 2015, stable compared to November 2015, and down from 9.9% in December 2014.

Eurostat estimates that 21.944 million men and women in the EU were unemployed in December 2015. Compared with November 2015, the number of persons unemployed decreased by 52,000. Compared with December 2014, unemployment in the EU fell by 2.026 million.

In December 2015, 4.454 million young persons (under 25) were unemployed in the EU. Compared with December 2014, youth unemployment decreased by 426,000. In December 2015, the youth unemployment rate in the EU was 19.7% compared with 21.2% in December 2014.

Croatia followed suit with the trend of reduced unemployment among the young and recorded a rate of 44.1% in Q4 of 2015 compared with 44.9% in Q3. However, it remained with that group of EU countries with the highest youth unemployment rates in the EU, Eurostat reported.

Last update: Tue, 02/02/2016 - 15:32

More from Croatia

PM sees tax reform as one of most important in this gov't term

Prime Minister Andrej Plenkovic said at the government session on Thursday that tax reform was of the the most...

PM: Coming to terms with past important for democratisation

Croatia's Prime Minister Andrej Plenkovic has said that his cabinet deems that coming to terms with the legacy of...

Banking association calls for forming task force to deal with debts in arrears

The Croatian Banking Association (HUB) proposes the establishment of a task force in charge of elaborating a...

Croatia to launch consultations with EC on EEZ

The government at its first session on Thursday instructed the Foreign Ministry to start consultations with members...

Plenkovic says Croatia won't let INA become MOL's subsidiary

The main targets of the four-year term of the new government are to ensure a stable growth, create new jobs, halt ...