Employment fell by 2.8% over nine months

Employment in Slovakia dropped 2.8 percent year-on-year during the first nine months of this year with the total number of people in work falling by 67,700 compared to a year ago.

Employment in Slovakia dropped 2.8 percent year-on-year during the first nine months of this year with the total number of people in work falling by 67,700 compared to a year ago.

The Statistics Office of the Slovak Republic reported on Thursday, December 2, that 2.31 million people worked in the national economy during the nine-month period. Since the beginning of this year, 13,267 vacancies have been available in the Slovak economy, down 27.8 percent from the same period last year. Lower employment in the Q1-Q3 period was mainly down to a fall in the number of workers in industrial branches, the SITA newswire wrote. The number of Slovaks working abroad fell 0.5 percent (700 people) to 127,400.

The nine-month unemployment rate grew 3.1 percentage points y-o-y to 14.5 percent. The Statistics Office reported the greatest increase among young people aged 15 to 24, with jobless rate for this group going up 7.7 percentage points to 33.3 percent. Net of seasonal influences, the jobless rate dropped 0.3 percent to 389,000 in quarterly terms. Prešov Region reported the highest number of unemployed (73,300), while the Žilina Region reported the highest increase in the number of jobless (up by 15,000). Banská Bystrica and Prešov Regions posted the highest regional unemployment rate (18.9 percent).

Source: SITA

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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