Croatian Labor Market Crisis Deteriorates

BusinessEconomy ♦ Published: August 29, 2012; 10:36 ♦ (Vindobona)

Not only the unemployment rate is increasing. Croatia has the third-highest youth unemployment rate in Europe.

Croatian Labor Market Crisis Deteriorates / Picture: ©

In Europe, only Greece (54%) and Spain (53%) report even worse labor market data. The Croatian government promised to improve country´s labor market situation.

In July 2012, the Croatian unemployment rate was up by 0.2 percentage points to 17.5%. Hence, the registered unemployment rate in Croatia shows a trend reversal. In the four months before, the unemployment rate went down,…