Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Unemployment rate hits record low

THE JOBLESS rate in Slovakia, calculated from the number of registered job seekers ready to take a job immediately, reached 8.33 percent at the end of May, the lowest rate in Slovakia's history. The May rate is 0.17 percentage points lower than in April. Compared to May 2006, the jobless rate had decreased by 2.23 points, the National Labour, Social Affairs and Family Bureau announced on June 19, the Hospodárske Noviny daily wrote.

The number of job seekers able to start work immediately was 216,732 at the end of May. This was 4,286 people fewer than in April and 53,486 people fewer than May 2006. Job offices reported a total of 247,373 job seekers at the end of May, down by 5,962 people compared to April and 55,261 less people than in May 2006.

Even though the unemployment rate is decreasing, not all job seekers are successful. The exclusion of job seekers from registers in May also contributed significantly to the lower unemployment rate, Hospodárske Noviny wrote. In May, about 20,000 job seekers registered at job offices and more than 25,000 job seekers left the registry. But a detailed analysis shows that more than 10,000 job seekers left the registry without finding a job.

Every registered job seeker must be actively dealing with their situation if they want to remain in the register. This means that they have to show up at the job office twice a month on certain days when he is without a job for less than one year and weekly if he has been jobless for more than one year. Moreover, he has to participate in selection processes for jobs that fit his qualifications and if he gets a job offer he has to accept it. Otherwise he is excluded from the register.

Long-term unemployment is another problem of Slovakia with more than one half of the job seekers being without a job for more than one year. In some regions, these job seekers make up more than 70 percent of all job seekers. This happens, for example, in places like Revúca and Rimavská Sobota, the daily wrote.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.