Jobless rate dropped below 5 percent again

Analysts do not expect it to rise significantly due to economic slowdown.

Illustrative stock photoIllustrative stock photo (Source: Sme)

After the jobless rate in Slovakia increased slightly to over 5 percent in September, it dropped again in late October.

The registered unemployment rate amounted to 4.94 percent, down by 0.1 percentage point month-on-month. In annual terms, it fell by 0.29 percentage points, according to the data presented by the Central Office of Labour, Social Affairs and Family (ÚPSVaR).

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The labour offices registered altogether 136,192 people ready to take jobs immediately.

“Although the economic indicators suggest the economic slowdown, the labour market has not responded to it yet,” said Labour Ministry’s State Secretary Branislav Ondruš (Smer), as quoted by the SITA newswire.

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