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Average unemployment rate in 2007 down to 11 percent

Unemployment in Slovakia continued to fall in the final quarter of 2007, the Statistics Office reported on March 4.

Unemployment in Slovakia continued to fall in the final quarter of 2007, the Statistics Office reported on March 4.

Compared with the corresponding period in 2006, the number of unemployed fell by 43,700 (or 13.7 percent) to 275,300, while the average unemployment rate was down by 1.7 percentage points to 10.3 percent, the TASR newswire wrote.

The unemployment rate fell mainly thanks to people from the following groups of jobseekers finding work: those without previous employment (reducing unemployment by 17,900), people last employed in industry (by 9,800), in agriculture and fishing (by 4,100), in construction, in real estate and rentals, and those without designated previous employment (both by 2,700) and in hotels and restaurants (by 2,300).

In terms of the length of time unemployed, the figures fell for all groups, with long-term unemployment dropping the most. The number of people unemployed for longer than one year decreased by 39,100 to 196,000 (making up 71.2 percent of total unemployed). In 2007, the average number of unemployed fell by 17.4 percent to 291,900, while the unemployment rate was down by 2.3 percentage points to 11 percent. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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