Slovakia's jobless rate stays at 13.5% in December 2013

By bne IntelliNews January 20, 2014

Slovakia's unemployment rate remained unchanged at 13.5% for the second straight month in December 2013, data from the Centre for Labour, Social Affairs and Family showed. In December 2012 the jobless rate stood at 14.44%.

The number of unemployed Slovaks ready to take up a job immediately slightly fell to 364,225 in December from 364,233 in the previous month.

IntelliNews comment: Slovakia’s unemployment rate remains one of the highest in Europe and affects negatively the country’s economic recovery. High jobless rates have troubled the nation of 5.4 million since the global economic crisis hit its export-driven economy, fuelled by auto and electronics production, at the end of 2008. Before that, unemployment hit a record low of 7.36% in August 2008.

We expect economic growth this year to strengthen and support the creation of new jobs, which in turn may lead to a fall in the jobless rate.

Related Articles

Slovakia battling Romania for Chinese electric carmaker Zhi Dou's plant

Slovakia could have another carmaker on its already soil. Chinese Zhi Dou, a producer of electric cars, has narrowed down its choice on where to build a European factory to Slovakia or Romania, the ... more

Slovakia's car industry facing strike at Kia, unrest at Peugeot

Workers at Kia Motors Slovakia have officially been on strike alert since April 10, a day before Skoda Auto in neighbouring Czechia ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Dismiss