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Unemployment falls slightly in Slovakia in October

The unemployment rate in Slovakia fell in October by 0.05 percentage points month-on-month, to 12.4 percent, the Labour, Social Affairs and Family Office (ÚPSVaR) reported on November 19, the TASR newswire wrote.

The unemployment rate in Slovakia fell in October by 0.05 percentage points month-on-month, to 12.4 percent, the Labour, Social Affairs and Family Office (ÚPSVaR) reported on November 19, the TASR newswire wrote.

“The market has stabilised in the last three months,” said ÚPSVaR director Ján Sihelský, explaining that job-creation measures are starting to offset the impact of the ongoing economic crisis.

However, year-on-year the unemployment rate in October rose by 4.89 percentage points. The number of long-term unemployed rose in October by 3,790 people to about 130,000.

“They are people who have been registered for more than 12 months,” specified Sihelský. He said unemployment should be at a similar level in November or increase slightly. 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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