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Serbia and Montenegro

Serbia and Montenegro Labor Stats

Definitions

  • Compensation of employees > Current LCU: Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.
  • Employment rate > Adults: Employment to population ratio is the proportion of a country's population that is employed. Ages 15 and older are generally considered the working-age population.
  • Employment rate > Young adults: Employment to population ratio is the proportion of a country's population that is employed. Ages 15-24 are generally considered the youth population.
  • Force > Total: Total labor force comprises people who meet the International Labour Organization definition of the economically active population: all people who supply labor for the production of goods and services during a specified period. It includes both the employed and the unemployed. While national practices vary in the treatment of such groups as the armed forces and seasonal or part-time workers, in general the labor force includes the armed forces, the unemployed, and first-time job-seekers, but excludes homemakers and other unpaid caregivers and workers in the informal sector.
  • Labor force: The total labor force figure
  • Labor force > By occupation: Component parts of the labor force by occupation.
  • Labor force > By occupation > Agriculture: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > By occupation > Industry: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > By occupation > Note: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force > By occupation > Services: This entry lists the percentage distribution of the labor force by occupation. The distribution will total less than 100 percent if the data are incomplete.
  • Labor force participation rate > Employment-population ratio, men aged 15 to 24: Employment-to-population ratio.
  • Rigidity of employment index: The rigidity of employment index measures the regulation of employment, specifically the hiring and firing of workers and the rigidity of working hours. This index is the average of three subindexes: a difficulty of hiring index, a rigidity of hours index, and a difficulty of firing index. The index ranges from 0 to 100, with higher values indicating more rigid regulations.
  • Rigidity of employment index > 0=less rigid to 100=more rigid: The rigidity of employment index measures the regulation of employment, specifically the hiring and firing of workers and the rigidity of working hours. This index is the average of three subindexes: a difficulty of hiring index, a rigidity of hours index, and a difficulty of firing index. The index ranges from 0 to 100, with higher values indicating more rigid regulations."
  • Unemployment > Long-term unemployment rate: Long-term unemployment refers to the number of people with continuous periods of unemployment extending for a year or longer, expressed as a percentage of the total unemployed."
  • Unemployment rate: The percent of the labor force that is without jobs. Substantial underemployment might be noted.
STAT AMOUNT DATE RANK HISTORY
Compensation of employees > Current LCU 53782570000 2002
Employment rate > Adults 44.43 2008 155th out of 165
Employment rate > Young adults 21.07 2008 158th out of 165
Force > Total 3.93 million 2005 84th out of 181
Labor force 2.95 million 2010 83th out of 116
Labor force > By occupation agriculture NA, industry NA, services NA 2006
Labor force > By occupation > Agriculture 23.9% 2010 9th out of 21
Labor force > By occupation > Industry 20.5% 2010 10th out of 19
Labor force > By occupation > Note excluding Kosovo and Montenegro 2011
Labor force > By occupation > Services 55.6% 2010 12th out of 19
Labor force participation rate > Employment-population ratio, men aged 15 to 24 36.3% 2006 137th out of 174
Rigidity of employment index 28 2005 104th out of 147
Rigidity of employment index > 0=less rigid to 100=more rigid 35 2009 62nd out of 172
Unemployment > Long-term unemployment rate 71.13 2008 1st out of 35
Unemployment rate 19.2% 2010 4th out of 91

SOURCES: World Development Indicators database; International Labour Organisation, Key Indicators of the Labour Market database.; CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; United Nations Statistics Division. Source tables; World Bank, Doing Business project (http://www.doingbusiness.org/).

Citation

"Serbia and Montenegro Labor Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Serbia-and-Montenegro/Labor

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