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Jobless rate fell to 11.46 percent, more self-employed register

THE UNEMPLOYMENT rate in Slovakia stood at 11.46 percent in July which was a decrease of 0.09 percentage point month-on-month and a drop of 1.21 p.p. year-on-year. 

Minister Richter (L) and Valentovič (Source: SITA)

The number of jobseekers immediately able to take up a job was 309,110 in July, which was a decrease of 2,313 on the month and a drop of 32,772 on the year (9.59 percent), Labour, Social Affairs and the Family Centre (ÚPSVaR) director Marián Valentovič announced on August 19, as quoted by the TASR newswire.

The unemployment rate calculated from the total number of jobseekers was 13.04 percent in July, down by 0.08 p.p. month-on-month and by 1.19 p.p. year-on-year. ÚPSVaR had a total of 351,821 people on its register of jobseekers in July, a fall of 2,023 m-o-m and of 32,181 (8.38 percent) y-o-y.

The trend of decreasing unemployment in Slovakia is continuing, with the number of jobless people going down since the beginning of 2013, Labour, Social Affairs and Family Minister Ján Richter said on the same day. The number of self-employed in this period rose significantly, he added.

“One can say that this trend has been continuous since January 2013, which means that unemployment in Slovakia has been decreasing for two-and-a-half years. And all the prerequisites – concerning economic development and GDP growth – for this trend to continue have been produced,” Richter said, adding that the government has a goal of reaching the Eurozone average unemployment rate of 11.1 percent by the end of this year.

The Minister also takes a positive view of the fact that the number of jobless is decreasing in all disadvantaged groups, including youth, people over 50 and the long-term unemployed. He pointed out that the jobless rate went down in several disadvantaged districts. Richter also announced that 14,732 unemployed people found a job in July.

Of the 10,470 of this year’s university graduates that were registered at labour centres in June, 1,737 left the registry in July – 1,024 were employed in Slovakia and 158 in another European-Union country. Another 51 began doing business on their own as self-employed.

The number of ordinary employees went down by 4,000 in July. “But surprisingly, the number of self-employed went up,” Richter said, as quoted by TASR. “[A total of] 8,000 self-employed appeared in the Sociálna poisťovňa social insurer’s registry in July ... For us, it’s important that a person is working. In this case it’s not important whether as an employee or self-employed.”

Topic: Economics


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