Unemployment rate increased slightly

Labour Minister Ján Richter would not call the current state a crisis yet.

Illustrative stock photoIllustrative stock photo(Source: TASR)

After three months of stagnation, the number of unemployed in Slovakia rose slightly in September.

While in the previous three months the unemployment rate amounted to 4.97 percent, in September it went up to 5.04 percent. However, it dropped by 0.34 percent in annual terms, as stems from the data provided by the Central Office of Labour, Social Affairs and Family (ÚPSVaR).

“Although there has been a certain cooling down, the loss of dynamics in the labour market, it’s not stagnation, and we can’t talk about a crisis,” said Labour Minister Ján Richter, as quoted by the SITA newswire.

The labour offices registered 138,893 people ready to take a job immediately in late September, which is 1,887 people more than in August. In annual terms, the number of the unemployed ready to take job immediately dropped by 8,910 people.

At the same time, the total unemployment rate in Slovakia amounted to 6.11 percent in September, which is 0.08 percent more than in August and 0.41 percent less than in September 2018, according to ÚPSVaR data, which represents 168,240 unemployed people.

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Theme: Economics

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