Unemployment in Bosnia Reaches Alarming Levels in Q1 2014

World | May 9, 2014, Friday // 14:56| Views: 4378 | Comments: 1
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Bulgaria: Unemployment in Bosnia Reaches Alarming Levels in Q1 2014 Special police forces keep Sarajevo Canton administration building during a demonstration against high unemployment in Sarajevo, Bosnia - Herzegovina, 07 February 2014. Photo by EPA/BGNES.

Unemployment rates in Bosnia and Herzegovina have reached 44.5% by end-March, with 555,452 people registered in the local employment centers.

Meanwhile, a total of 5,440 people became unemployed, while businesses opened just 2,999 job positions in Q1 of 2014, Bulgarian BGNES news agency reports.

The highest demand is for skilled employees – 34.59%, followed by unskilled workers – 27.88% and people with secondary education -26.26%.

Some 8,383 people were able to find job in March, however the number of unemployed relying on welfare has increased on an annual basis.

Unemployment rates are expected to drop in the summer due to the seasonal jobs mainly in hospitality.

In February, thousands of people gathered across the country in protest against economic stagnation, unemployment and a perceived massive corruption among political elites.

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#1
JahMason - 9 May 2014 // 20:24:03

True unemployment figures are always higher than reported.