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Jobless rate up to 12.34 percent in June

THE REGISTERED jobless rate in Slovakia increased by 0.1 percent in monthly terms to 12.34 percent in June, according to data from the Central Office of Labour, Social Affairs, and Family, as reported by the SITA newswire.

THE REGISTERED jobless rate in Slovakia increased by 0.1 percent in monthly terms to 12.34 percent in June, according to data from the Central Office of Labour, Social Affairs, and Family, as reported by the SITA newswire.

The unemployment rate surged 0.53 percentage points on an annual basis. Labour offices registered 331,655 jobseekers ready to take up a job immediately, which is 2,836 more than in late May and 18,579 more than a year ago.

The number of all registered jobseekers reached 376,769 in late June, up 1,608 month-on-month and 28,141 year-on-year.

The jobless rate, calculated from the number of all jobseekers, stood at 14.02 percent in the sixth month. This was 0.06 percentage points more than a month ago and 0.86 percentage points more compared to late June 2009.

According to UniCredit Bank analyst David Dereník, the the development of real new jobs should be reflected in coming months and produce a decline in the unemployment rate. Also, strong industrial output could signal that the development in the following months will be rather positive. The monthly statistical data of the Statistics Office, however, decrease the optimism.

“The first half of 2010 was affected by a correction of pessimistic expectations and massive layoffs by firms in the crisis year of 2009, which reflected in a decline in the joblessness rate,” Dereník said as quoted by SITA.


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