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.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

4 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

9 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

11 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

24. jan