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.


Get daily Slovak news directly to your inbox

Top stories

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

News digest: Pilot testing deemed successful

Coronavirus affects bus connections, gastronomy businesses send an open letter to the prime minister. Take a look at the latest in our news digest.

PM Igor Matovič presents the results of the pilot nationwide testing on October 26.

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.