Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Unemployment down to 17.8% in September

The official unemployment rate in Slovakia was 17.77% at the end of September, down 0.44 percentage points from August. Compared with September 1998, however, the latest figure represents a 4% increase.

The official rate is calculated on the basis of the number of people registered as unemployed who are immediately ready to take a job. However, when the total number of unemployed people is used as the basis for calculating the rate, September unemployment stood at 18.7%, down from 19.1% in August.

The number of reported unemployed dropped by 11,130 to 497,521 people in September, the second month running the total has fallen. Over the past 12 months, the average number of jobless people has been 462,423 people, up 26.5% from the previous 12 month period.

The September improvement, according to the National Labor Office (NÚP), came about when recently-graduated high school students, who had entered the workforce in June, began attending university in the fall semester.

The NÚP said the improvement in the overall jobless rate should not be treated as a positive sign. After a two-month decrease in the number of new unemployed, the NÚP again reported an increase from August by 10,127 people to 37,759.

The average duration of unemployment also continued to grow, and ended September at 13.74 months, which is 0.16 month longer than in August. People now tend to be without jobs for 2.81 months than in the same period in 1998. In September, the number of long-term unemployed (people without a job longer than 12 months) increased to 213,000 people, up 5,159 from August.

The number of job seekers living on unemployment benefits increased 20,499 people from September, 1998 to 108,630.

Top stories

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.