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ECONOMIC BRIEFS

Jobless rate hits 13.44% in January

The number of unemployed people in Slovakia reached 372,500 in January, which represents 13.44 percent of the total workforce, up almost one percent from last December's 12.48 percent, the National Labor Office (NÚP) said in a statement on February 20. In January 1997, the jobless rate was 13.60 percent. The recent growth ocurred due to a change in the methodology the NÚP uses to calculate unemployment. The unemployment rate in December measured the unemployed who were immediately available for work. In January, that figure was 350,255 or 22,245 fewer than the total of jobless people.

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