Slovakia´s unemployment rate at its new minimum in March, the lowest number since 1993

Slovakia´s unemployment rate at its new minimum in March, the lowest number since 1993
Slovakia´s registered unemployment rate amounted to 5.03% in March, from 5.16% in February, down by 0.13 percentage points (pp) month-to-month and by 0.52pp year-on-year
By bne IntelliNews April 24, 2019

Slovakia´s registered unemployment rate amounted to 5.03% in March, from 5.16% in February, down by 0.13 percentage points (pp) month-to-month and by 0.52pp year-on-year, according to data published by the Labour, Social Affairs and the Family Centre on April 23.

The number of jobseekers immediately able to start work was recorded at 137,962 persons. The rate of unemployment calculated from the total number of jobseekers stood at 6.19%, down by 0.16pp m/m and by 0.58pp y/y.

“The number decreased by 3,470 m/m while in yearly terms it dropped by 15,892 persons, which is by 10.33% less,” stated the Centre General Manager Marian Valentovic, adding that the total number of jobseekers in March stood at 169,779 persons, dropping by 4,294 persons m/m and 17,980 persons y/y (by 9.58% less), as online eTrend.sk quoted.

The monthly rate decrease of registered unemployment was recorded in all regions, with Presov region posting the most significant fall. The unemployment rate dropped below 4% in 36 districts, according to the Labour Minister Jan Richter (Smer-SD). Most jobs were offered in Bratislava region, the least in Banska Bystrica. By the end of March there were 88,093 available jobs, up by 1,961 open positions m/m.

According to the minister, the development of March unemployment rate returned to “positive numbers”. He stressed he expects the rate to decrease below 5% in April.

Data

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