Slovak unemployment inched further down to 3.88% in March

Slovak unemployment inched further down to 3.88% in March

/ bne IntelliNews

By Albin Sybera April 24, 2024

March unemployment in Slovakia was 3.88%, which is marginally down from 3.92% in February and 0.41 percentage points lower year on year.

There were 167,493 job applicants in March, which is at its lowest level since the end of 2019, Slovakia’s Centre for Labour, Social Affairs and Family reported.

“It is one of the lowest levels in the last quarter of a century,” Minister of Labour, Social Affairs and Family Erik Tomas (Hlas party) commented. “The number of unemployed below the age of 29 in March was, in fact, the lowest since the end of 2012,” he added.

The centre has noted that it has launched a project, “Pravo na prve zamestnanie” [Right to first employment], on April 10, designed to boost the creation of new jobs. Employers will receive 90% of monthly costs and not more than €1,318.53 per created job vacancy under the scheme. The cap on one participant is €7,911.20.

“It is a project crafted to the current needs and possibilities of the labour market,” stated the head of the centre, Peter Ormandy.

There were 37,323 job applicants below the age of 29 in March, which was a decrease of 718 month on month, and 1,618 y/y.

Open PDF View PDF

#SLOVAKIA #macro #unemployment

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Slovakia’s Fico in surprise visit to Putin in Moscow

The EU Council calls for a European geothermal action plan

Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne

Slovakia’s Fico in surprise visit to Putin in Moscow

The EU Council calls for a European geothermal action plan

Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne

Data

Turkey hikes minimum wage by 30% in line with financial market demands

Increase compares to official inflation of towards 50%, unofficial inflation of towards 90%. Turks in usual fury.

Dollar hits new high in Tehran ahead of international holidays

Iran’s currency markets recorded another surge in the US dollar, which reached IRR 787,500 on the open market on December 24, setting a new record high.

Russia’s CBR keeps key rate at 21% under pressure

In a surprise decision CBR governor Elvia Nabiullina kept interest rates on hold at 21% as she comes under mounting pressure from Russian President Vladimir Putin and the oligarchs who accuse her of destroying the economy.

Polish industrial production disappoints in November as output falls 1.5% y/y

Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.

Moldova's economy shrinks by 1.9% y/y in Q3

Economic performance was dragged down by agriculture, while manufacturing sector grew.

Turkey hikes minimum wage by 30% in line with financial market demands

Dollar hits new high in Tehran ahead of international holidays

Russia’s CBR keeps key rate at 21% under pressure

Polish industrial production disappoints in November as output falls 1.5% y/y

Moldova's economy shrinks by 1.9% y/y in Q3

Dismiss

Chat with usLiveChat