The unemployment rate in March was the lowest in Slovakia's history

Unemployment dropped below 4 percent in 36 Slovak districts.

Illustrative stock photoIllustrative stock photo (Source: SME)

Slovakia has achieved a historically low number of people without jobs.

The registered unemployment rate dropped to 5.03 percent in March 2013, down by 0.13 percentage points compared with the previous month. In annual terms, it fell by 0.52 percentage points, according to the data of the Central Office of Labour, Social Affairs and Family (ÚPSVaR).

Thus, the unemployment rate fell to its lowest level since March 1993.

Unemployment dropped in all regions

The month-on-month decrease in registered unemployment was recorded in all Slovak regions in March 2019, most significantly the Prešov Region: by 0.26 percentage points.

Read also:After months of decrease, the unemployment rate rose in January Read more 

Moreover, 36 districts reported an unemployment rate below 4 percent, according to ÚPSVaR.

The labour offices recorded altogether 137,962 people ready to immediately start jobs immediately at the end of March. The number dropped by 3,470 people m-o-m and by 15,892 people y-o-y.

Also, the total number of jobseekers amounted to 169,779 in the third month of 2019.

Unemployment below 5 percent?

At the end of March, there were 88,093 job vacancies in the labour offices. The number of vacancies increased by 1,961 m-o-m. The highest number of available jobs was in the Bratislava Region (24,103), the fewest jobs available were in Banská Bystrica Region (5,452).

At the same time, Labour Minister Ján Richter (Smer) expects unemployment to fall below 5 percent as early as next month, the TASR newswire reported.

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

E-quarantine now possible via Apple phones (news digest)

Court proceeding over controversial cheques postponed and the police reportedly detained the head of the Bratislava ring-road constructor. Roundup of news from May 29.

The primary school in Prešov is preparing for reopening on June 1.

Gabčík and Kubiš were taken in by an English family while they prepared for the assassination of Heydrich

The Ellisons had no idea about Operation Anthropoid, which resulted in the assassination of the main Holocaust architect by Czechoslovak paratroopers.

The administrator of the Porchester Gate building in London, where the Czechoslovak military intelligence service was based during the Second World War and where secret agents planned Operation Anthropoid, shows photos of the event's executors - Jan Kubiš and Jozef Gabčík.

Slovakia-based US musician creates his 'Ghost Sex Empire'

Francisco Mejia and his debut album 'Ghost Sex Empire' prove that dreams are attainable after years.

American musician Francisco Mejia recorded his debut album 'Ghost Sex Empire' in Slovakia. He is already working on the concept of his sophomore record.

Coronavirus may ruin Slovakia's music clubs for good

Without help, another COVID-19 wave could be the final nail in the coffin.

Club goers listen to live music at the Stromoradie music club in Prešov in 2019.