The most Slovaks have a job in the last two decades

Nearly 2.5 million Slovaks have a job, either in Slovakia or abroad, which has been the highest number in the past 20 years, according to VÚB bank analyst Andrej Arady.

Illustrative stock photo.Illustrative stock photo. (Source: Sme)

The statistics from the second quarter of 2016 also includes people working abroad, older than 15 years of age who were working for at least one hour for a wage or a salary in the monitored period.

Moreover, the figures suggest that the jobless rate amounted to 9.6 percent in the second quarter, which has been the lowest figure year-on-year since 1994. It is, however, still higher than it was in the end of 2008, the Hospodárske noviny daily wrote.

Despite the relatively high number of employed people, the unemployment rate drops slowly, caused by demographic development. The demand for work is much higher than the supply, and the gap will continue growing, as reported by the economic daily. There are some areas, though, which see high competitiveness among employers – mostly specific areas requiring higher education, like ITT, transport and logistics, some technology areas and highly specialised positions.

Martin Hošták of the Republic Union of Employers (RÚZ) told Hospodárske noviny that Slovakia needs to actively lure experts from abroad.  

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