Unemployment down to 12.78 percent, UPSVaR reports

THE NUMBER of jobless people on the Slovak labour market decreased by 1.47 percentage point in annual terms in June 2014.

THE NUMBER of jobless people on the Slovak labour market decreased by 1.47 percentage point in annual terms in June 2014.

According to the statistics of the Centre of Labor, Social Affairs and Family (UPSVaR), the unemployment rate reached 12.78 percent in June, which was a slight decrease (by 0.02 percentage points) compared to May.

At the end of June the labour offices registered a total of 345,000 job seekers ready to take a job immediately, which is 474 fewer people compared to the previous month, the SITA newswire reported.

Compared to the same period last year, the number decreased by 39,683 persons.

The unemployment rate calculated from the total number of job seekers, including people who have been on sick leave or graduate internship, reached 14.26 percent in June. Compared to May it fell by 0.01 percentage points and in annual terms it decreased by 1.23 percentage points.

Overall, in June 384,825 people were seeking work. Compared to the previous month their number decreased by 351. The numbers of unemployed registered in labour offices decreased by 33,343 persons compared to June 2013.

The unemployment rate over the past month fell in five of Slovakia’s eight regions, said UPSVaR general director Marian Valentovič. It fell most significantly in Nitra Region by 0.1 percentage points. In three regions unemployment increased, most significantly in Košice, where it grew by 0.08 percentage points.

Labour Minister Ján Richter pointed out that the downward trend in unemployment continued in June, although the month was characterised by an inflow of fresh graduates into the registers of labour offices.

“For the past five years, the trend was always the opposite,” he said, as quoted by SITA. “We have turned it around this year, although the drop was by only two hundredths of a percent.”

Richter pointed out that of the 24,000 jobseekers removed from the registers last month 16,400 found a job on the labour market. He further points out that even in the case of disadvantaged groups the trend is positive. The number of long-term unemployed decreased in monthly terms by 1,618 people and in the category of people aged over fifty labour offices registered 1,555 fewer unemployed.

“University graduates have negatively influenced the monthly development of youth unemployment of people under 29, where 4,400 people were added last month. However, year-on-year there was almost 15,000 fewer of them, but still, despite the positive trend, these are worrying numbers,” said Richter.

Source: SITA

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

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