Jobless rate falling faster than number of the employed is growing

HZMO's latest data

Usually at this time of year official data from the state pension insurance agency HZMO begin showing seasonal impact on the number of insured persons, primarily as a result of increased hiring ahead of the tourist season. HZMO's latest data for March show the number of the insured was up both month on month and year on year. Compared to March 2018, their number has increased by 2.2% or 32,000. Analysts say the number of people in paid employment has been growing slowly for the past five years and their average number is still by some 6.5% under the per-crisis level, Poslovni dnevnik reports.

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