BUSINESS IN SHORT

Jobless rate is OECD's second highest

DATA FROM the Organisation for Economic Cooperation and Development show that in February 2010 Slovakia reported the second highest unemployment rate among the OECD’s member countries.

DATA FROM the Organisation for Economic Cooperation and Development show that in February 2010 Slovakia reported the second highest unemployment rate among the OECD’s member countries.

February’s unemployment rate in Slovakia was reported at 14.2 percent, which ranked Slovakia second after Spain’s 19 percent unemployment rate. The year-on-year increase in the unemployment rate in February was, however, highest in Slovakia at 4.1 percent, followed by Ireland where the unemployment rate had risen by 3 percent year-on-year, the SITA newswire reported.

Across all of the OECD countries the average unemployment rate rose year-on-year by 1 percent in February but there was a slight monthly decrease of 0.1 percent in comparison with January. The OECD average unemployment rate in February was 8.6 percent.

Slovakia did not record any month-on-month change in its unemployment rate in February; it has been unchanged at 14.2 percent for the fourth month in a row.

Meanwhile, SITA reported that 16,149 employees might lose their jobs because of announced collective layoffs even though the number of endangered jobs had not changed in weekly terms. Labour offices currently register 5,439 available jobs, up by 242 positions from the 11th week of the year.


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