COVID-19 pandemic hit the labour market similarly to 2009 crisis (graphs)

Slovak labour market mimics development abroad.

Illustratory stock photoIllustratory stock photo (Source: TASR)

Read and see in this article:

-Which jobs have been the least affected by the coronavirus crisis

-Impact of the COVID-19 pandemic on the Slovak labour market compared to abroad

-Graphs showing impact of the pandemic on the labour market

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

The outbreak of the COVID-19 pandemic has affected the Slovak labour market comparable to last economic crisis in 2009. The most affected groups of workers are those working low-end jobs, while development in Slovakia has not differed from that abroad.

“People with lower qualifications and lower wages are have more employment in occupations that cannot be performed from home and so were more at risk of losing their jobs,” Daniel Dujava and Vladimír Peciar, analysts of the think tank Institute for Financial Policy (IFP) running under the Finance Ministry, wrote in their study Labour Market during Quarantine, published on July 22.

SkryťTurn off ads
Related article More job offers with home office, gender gap remains wide. How labour market has been developing Read more 

The economic crisis instigated by the COVID-19 pandemic has steepened unemployment in Slovakia more than the economic crisis in 2009. While the number of jobless people in June 2009 surged by 36 percent compared with January 2009, this year this figure increased by as much as 47 percent.

“This development suggests that a sudden halt of economic activity caused by the economic lockdown may have comparable effects on the labour market like the crisis that hit Slovakia 11 years ago,” the analysis read.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Over the weekend, several centimetres of snow, the first bigger cover of the season, fell in the High Tatras.

Winter offers best conditions.


Peter Filip
New projects will change the skyline of Bratislava.

Among the established names are some newcomers.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
SkryťClose ad