In the last quarter of 2015 Croatia was among the European Union countries with low job vacancy rates, alongside Cyprus, Ireland, Portugal and Spain, according to a report by the EU statistical office Eurostat on Friday.
The job vacancy rate in Croatia was 0.7% in the fourth quarter of 2015, down 0.1 percentage points from the previous quarter. Countries with similar job vacancy rates were Cyprus (0.7%), Ireland (0.8%), Portugal and Spain (both 0.6%).
The lowest rate was recorded in Poland, 0.5%, while the highest rates were recorded in Germany and the United Kingdom (both 2.6%), the Czech Republic (2.4%) and Belgium (2.2%).
The job vacancy rate in the 28-member EU was 1.7% in the fourth quarter of 2015, up from 1.6% in the previous quarter and the fourth quarter of 2014. The rate in the 19-member euro area was 1.6%, up from 1.5% in the previous quarter and the fourth quarter of 2014.
In both the EU and the euro, area the highest job vacancy rates were recorded in services (2%), industry and construction (both 1.2%).
The job vacancy rate measures the proportion of vacant posts in the total number of jobs and shows the balance between labour market supply and demand. A higher rate signals unmet demand, and a lower rate indicates a better balance between supply and demand.