According to the latest data from the Croatian Central Bureau of Statistics the rate of registered unemployment in June 2016 dropped to 13.6 per cent.
Compared to the previous month the rate of registered unemployment decreased by 0.8 percentage points, whilst compared to last June it decreased by 2.0 percentage points. As expected, the lower rate of unemployment in June is a result of usual seasonal activities and trends which have a positive effect on the labour market indicators during summer months.
''We expect the continuation of this trend in the days ahead of us, but due to the abatement of the main summer season a part of the seasonal workers employed in the tourism industry and support activities awaits the return of the unemployment status. This also indicates deeper structural problems on the Croatian labour market which is characterized by the low share of the active population, low rate of employment and the long term unemployment. Also the education structure of the unemployed population usually does not meet the demand for workers of certain profiles'', said Raiffeisenbank Austria (RBA) analysts.
The latest data from the Croatian Employment Service on the percentage of unemployed population in June show that in terms of education, around 58 per cent of the unemployed has high school education degree, 22 percent has primary school degree whilst 6 per cent of unemployed population has no qualifications or elementary school education degree. While the rest of the people without work, accounting for 14 percent of the total number of unemployed, has some degree of academic education.
The official indicators from the same source confirmed that this decline of the unemployment rate was partly caused by the negative migration trends. Thus, in the first six months this year the number of the unemployed registered at the Employment Service who signed out from the register of unemployed in order to find employment abroad reached 2,900 or 12.7 percent more than the same period last year.
''According to our expectations the official rate of unemployment could be lower this year i.e. slightly below the average rate of the registered unemployment recorded in 2015'', predict the RBA analysts.