Unemployment level in Slovakia inched up to 3.97% in January

Unemployment level in Slovakia inched up to 3.97% in January
/ bne IntelliNews
By Albin Sybera February 22, 2024

Unemployment in Slovakia (PDU) increased slightly to 3.97% in January. It is an increase of 0.09 percentage points compared to December and a drop of 0.47 pp on January 2023.

“Unemployment stays below the 4% line for a fifth month, the labour market is in good condition”, commented Minister of Labour, Social Affairs and Family Erik Tomas, adding, “it is encouraging us for further work aimed at helping people without jobs”.

Jan Komadel, an analyst at the country’s Institute for Social Policy, pointed out that the slight month-on-month increase at the beginning of the year is a regular phenomenon.

“In the next couple of months, a stable unemployment level is expected, possibly slight lowering in connection with the beginning of seasonal works in agriculture and construction,” Komandel projected.

Komandel also praised a decrease of graduates among job applicants by 400 year-on-year, which represents “a return to pre-pandemic historic lows from January 2019 and 2020”.

Overall, there were 172,833 registered job applicants and 82,295 available postings in January. 

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Data

Russia’s CBR maintains key rate at 16%

The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.

NBU cuts rates 100bp to 13.5% on falling inflation

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Turkey keeps policy rate constant at 50%

Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.

Slovak unemployment inched further down to 3.88% in March

There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.

Poland’s industrial production disappoints in March as output declines 6% y/y

Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.

Russia’s CBR maintains key rate at 16%
1 day ago
NBU cuts rates 100bp to 13.5% on falling inflation
1 day ago
Turkey keeps policy rate constant at 50%
2 days ago
Slovak unemployment inched further down to 3.88% in March
3 days ago
Poland’s industrial production disappoints in March as output declines 6% y/y
3 days ago

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