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Jobless rate drops in July

The unemployment rate has dropped under 14.5 percent for the first time in four years, the National Labour Office (NÚP) reports.

In July the NÚP registered 384,612 unemployed persons immediately ready to take up jobs, thus pushing the rate down by 0.11 percentage points in a month. Compared to July 2002, this is a decrease of 3.12 percentage points.

Analysts say that the dropping rate results from the growing productivity of the economy and changes to the system of registering the unemployed at labour offices, daily SME writes.

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

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