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Montenegro’s jobless rate rises to 17.7% in Q4

Montenegro’s jobless rate rises to 17.7% in Q4 Author: AleGranholm Licence: Creative Commons, Attribution.

PODGORICA (Montenegro), March 20 (SeeNews) – Montenegro’s unemployment rate rose to 17.7% in the fourth quarter of 2016, up by 0.8 of a percentage point compared to the previous quarter, the country's statistical office said on Monday.

The number of unemployed persons in Montenegro increased 0.4% on the quarter to 47,300 at the end of 2016, the country's statistical office said in a press release.

The employment rate in Montenegro increased to 44.5% in the fourth quarter, up from 43.9% at the end of 2015. In the third quarter of 2016, the employment rate was 46.5%.

Montenegro's jobless rate was 17.9% at the end of 2015.

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