Spectator on facebook

Spectator on facebook

Number of unemployed graduates and school-leavers up 12,000 year-on-year

The number of unemployed Slovaks who have never held a full-time job increased in the first quarter of 2012 by almost 15.5 percent year-on-year, the Slovak Statistics Office announced on Thursday, June 7.

The number of unemployed Slovaks who have never held a full-time job increased in the first quarter of 2012 by almost 15.5 percent year-on-year, the Slovak Statistics Office announced on Thursday, June 7.

While the number of jobless graduates and school-leavers stood at 78,300 for the first three months of 2011, the figure rose to 90,400 during the same period this year. "At a time when the number of new jobs isn't growing, it's easier to sustain a job than to find a new one," Michal Páleník from the Employment Institute told the TASR newswire, adding that this is a difficult situation for newcomers on the labour market.

UniCredit Bank analyst Ľubomír Koršňák points out that there are a sufficient number of jobseekers to choose from, so people adjust their salary expectations to the situation. In this way, young and inexperienced applicants lose their competitive advantage of being cheaper. "So companies tend to choose somebody with experience," said Koršňák, who is expecting no significant improvement in the near future. The only remedy for the current state of affairs is to boost economic growth, he says, adding that he believes all other measures will prove temporary and one-off.

Source: TASR

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

Top stories

Fico: We want the UK to fulfil commitments

The prime ministers of the Visegrad Group commented on the UK’s obligations linked to its departure from the EU.

Slovakia's Prime Minister Robert Fico signs the Warsaw Declaration, as his counterparts from Czech Republic, Bohuslav Sobotka (l), Hungary, Viktor Orbán (center), and Poland, Beata Szydlo (r), watch behind.

Hostages to fortune

Britain will trigger Article 50 to leave the EU today. She and her EU partners should guarantee the rights of their citizens living abroad. That they have not is a disgrace.

Theresa May announced Brexit will start on March 29.

Time and legislation play into the hands of prosecuted businessman

Interior Minister Robert Kaliňák is again facing suspicions that he has been helping prosecuted businessman Ladislav Bašternák.

A police car standing in front of the residential complex on Tupého Street.

Shops will be closed on all national holidays

The list of days when shops are closed has been expanded to 15-and-a-half days, including Good Friday and Easter Monday.

Illustrative stock photo