Jobless rate in Slovakia still among the highest in OECD

Though the employment rate in Slovakia increased in August, the country is still has one of the highest unemployment rates in the Organisation for Economic Cooperation and Development (OECD), a club of industrialised economies, the SITA newswire reported.

Though the employment rate in Slovakia increased in August, the country is still has one of the highest unemployment rates in the Organisation for Economic Cooperation and Development (OECD), a club of industrialised economies, the SITA newswire reported.

The average unemployment rate in OECD members in August remained unchanged from July, when it reached 8.2 percent, or 44.3 million people overall with no work. Though the number is 2.3 million people lower than it was in August 2010, it is 10.4 million more than in August 2008.

The highest OECD unemployment rates were registered in Spain (21.2 percent), followed by Ireland (14.6 percent) and Slovakia (13.4 percent).

However, Slovakia is recording an increase in the employment rate in a majority of sectors, the Statistics Office of the Slovak Republic reported on its website. Compared to August 2010, the number of employed people in August 2011 grew in the IT and communications sector (up by 13 percent), some market services (up by 6.9 percent) and industry (up by 3.7 percent).

On the other hand, employment fell in construction (by 3.8 percent), accommodation services (by 0.3 percent) and wholesale (by 0.1 percent).

Source: SITA, Statistics Office website

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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