Spectator on facebook

Spectator on facebook

Unemployment continues to fall

THE REGISTERED unemployment rate stood at 12.67 percent in July, down by 0.12 percentage points compared to June. In annual terms, it dropped by 1.32 percentage points, the Central Office of Labour, Social Affairs and Family (ÚPSVaR) reported on August 20.

THE REGISTERED unemployment rate stood at 12.67 percent in July, down by 0.12 percentage points compared to June. In annual terms, it dropped by 1.32 percentage points, the Central Office of Labour, Social Affairs and Family (ÚPSVaR) reported on August 20.

The positive trend in jobless rate was not even affected by the traditional increase in graduates that enter the labour market in summer, market watchers noted.

The labour offices registered together 341,882 people ready to take job immediately in July. This is by 3,131 (or 0.91 percent) less than in previous month, and by 35,541 (or 9.42 percent) less than in July 2013.

The total number of the unemployed was 384,002, or 14.23 percent, in July, down by 823 people (or 0.03 percentage points) compared to June. Compared to last year, the total number of the jobless dropped by 26,886 people (or 0.99 percentage points), ÚPSVaR data showed.

The unemployment dropped in seven regions, with the highest decrease being reported by Banská Bystrica (by 0.31 percentage point month-on-month). On the other hand, the number of jobless rose in Bratislava Region (by 0.17 percentage point m/m).

“It is important that the trend of falling unemployment continues,” said Labour Minister Ján Richter, as quoted by the TASR newswire, adding that this time of the year has its specifics. In September, for example, the number of secondary school graduates who will register with the labour offices will increase. These patterns repeat every year.

Also market analysts say that the drop in the jobless rate has not been stopped by the increasing number of graduates.

“Though the jobless rate has significantly improved compared to last year, when the situation was the worst, the war is still not won,” said Michal Kozub, analyst with Home Credit, as quoted by TASR, adding that the number of jobless is still high and there is room for further improvement. “The generally good trend this year is affected first of all by economic revival.”

UniCredit Bank Czech Republic and Slovakia analyst Ľubomír Koršňák says that the seasonal work should help decrease the joblessness also in August.

Source: ÚPSVaR, TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Unknown places worth visiting in Slovakia Photo

The year 2016 brought record numbers for tourism in Slovakia.

Špania Dolina, the runner-up in the Village of the Year competition.

This is not a game, and these are not children

If politicians care about the future of the country, they need to offer young protesters with specific demands more than the just same old vague assurances.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa