Employment in Slovakia is growing - Labour Office.

By bne IntelliNews February 28, 2012
While Slovak unemployment rate is hitting record high levels, the employment in the country is also rising, as the number of economically active citizens grows, SITA news agency reported, quoting Ivan Juras, head of the Central Office for Labour, Social Affairs and Family (UPSVaR). At the end of the third quarter of 2011, the economic activity of the citizens reached its highest level since 2004, Juras was quoted as saying. More than 2.72mn Slovaks were active at the end of last year, which is by 73,000 more than in 2004, according to data from the Slovak Statistics Office. The number of employed reached some 2.37mn at the end of September 2011 which is an increase of 200,000 compared to 2004. Since 2004 the number of employed is growing continuously except for the years of 2008 and 2010 when over 115,000 jobs were closed, Juras said. At the same time, the Slovak jobless rate rose from 13.59% in December to 13.69% in January, reaching its highest level since June 2004. The number of unemployed ready to take up a job immediately reached 369,948 out of all 408,874 unemployed in January. High jobless rates have troubled the nation of 5.4 million since the global economic crisis hit its export-oriented economy, fuelled by auto and electronics production, at the end of 2008 and it continues to be one of the most serious problems in the country.

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