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Number of jobless graduates rises in Slovakia as job vacancies fall

The number of graduates without work is rising in Slovakia as the crisis reduces the number of job vacancies, it was announced on Tuesday, June 23.

The number of graduates without work is rising in Slovakia as the crisis reduces the number of job vacancies, it was announced on Tuesday, June 23.

Labour statistics indicate that there are only 0.15 vacancies for each recorded unemployed graduate. “Compared to last year, secondary-school and university graduates aren’t in an easy situation either,” Poštová Banka analyst Eva Sárazová told the TASR newswire.

According to the Labour, Social Affairs and the Family Centre (ÚPSVaR), the number of unemployed graduates increased by 9.37 percent month-on-month to 19,075 in May. The most difficult months are yet to come, however, ÚPSVaR director Ján Sihelský told a press conference on Friday, referring to June and September.

The increase in the number of unemployed graduates from a year-on-year perspective is alarming, reaching 88 percent. Bank analysts see the solution in graduates continuing their studies. “They would thus avoid being recorded as unemployed, and, especially in the case of secondary-school leavers, would enhance their chances of finding employment in the future,” ČSOB bank analyst Marek Gabris told TASR. Graduates could find jobs in developing companies that won’t be able to avoid providing further training to their employees if they want to keep pace with the market after the crisis ends.

According to Volksbank analyst Vladimír Vaňo, companies shouldn’t neglect the preparation of their human resources despite falling profits. ÚPSVaR plans to help graduates by boosting the creation of temporary jobs. 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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