Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Slovakia’s July jobless rate is highest since March 2005

THE RATE of registered unemployment in Slovakia increased by 0.26 percentage points from June and stood at 12.07 percent at the end of July, according to data released by the central office of Slovakia’s Labour, Social Affairs and Family Office and is now at the highest level since March 2005, the SITA newswire reported. Since July 2008, the jobless rate has increased by 4.6 percentage points.

THE RATE of registered unemployment in Slovakia increased by 0.26 percentage points from June and stood at 12.07 percent at the end of July, according to data released by the central office of Slovakia’s Labour, Social Affairs and Family Office and is now at the highest level since March 2005, the SITA newswire reported. Since July 2008, the jobless rate has increased by 4.6 percentage points.

Slovakia’s labour offices registered as unemployed 319,937 people who could immediately start working; this was 6,861 more people than the previous month and 125,096 more than one year ago.

The jobless rate has been constantly rising since October 2008 with the number of registered unemployed persons reaching several-year highs month after month. Employment in Slovakia has been significantly affected by the global economic crisis which has particularly hit industries which are dependent on foreign demand.

Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.