Unemployment in Slovakia inches down to 3.83% in September

Unemployment in Slovakia inches down to 3.83% in September

The unemployment level in Slovakia inched down to 3.83% in September. This is down by 0.04 percentage points month on month and by 0.15 pp year on year. / bne IntelliNews

By bne IntelliNews October 24, 2024

The unemployment level in Slovakia inched down to 3.83% in September. This is down by 0.04 percentage points month on month and by 0.15 pp year on year.

The country’s Central Office of Labour, Social Affairs and Family highlighted that unemployment dropped despite the increased number of graduates registering as job applicants. While there were 3,624 newly registered job applicants in August, the figure was 8,088 in September, making it “4,464 high school graduates,” Minister of Labour Erik Tomas noted.

“By the end of the year, the number of unemployed high school graduates could drop by 20%,” Matej Belin, an analyst at the Ministry’s Institute for Social Politics stated, referring to “the development from the previous years.”

Overall, there were 166,028 registered job applicants and 138,900 of these were in productive age. The share of job applicants in productive age in the productive age population was 4.57% - down from 4.61% in August and 4.72% last September. The number of available job posts was 95,704. The number of available job posts suitable for graduates was 44,935.

Related Content

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia settles dispute with Czech populist ex-PM Babis over his communist-era secret service collaboration

VISEGRAD BLOG: Is illiberalism here to stay in Central Europe?

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia settles dispute with Czech populist ex-PM Babis over his communist-era secret service collaboration

VISEGRAD BLOG: Is illiberalism here to stay in Central Europe?

Open PDF View PDF

#SLOVAKIA #macro #unemployment

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia settles dispute with Czech populist ex-PM Babis over his communist-era secret service collaboration

VISEGRAD BLOG: Is illiberalism here to stay in Central Europe?

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia settles dispute with Czech populist ex-PM Babis over his communist-era secret service collaboration

VISEGRAD BLOG: Is illiberalism here to stay in Central Europe?

Data

Hungarian National Bank takes a pause in easing cycle

Central bank leaves base rate unchanged at 6.50%, but most analysts expect a rate cut to 6.25% by the end of 2024.

Polish retail sales "collapse" in September, but analysts say strong fundamentals remain intact

Analysts point to weaker consumption linked to slowdown in nominal wage growth and rebound of inflation.

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Slovakia’s gross domestic product growth was revised to 3.3% in the first quarter (up from 2.7%) and to 2% in the second quarter (up from 1.9%) of this year.

Philippines achieves record $3.5bn surplus as economy rebounds

The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments.

Polish industrial production eases contraction rate in September

ING sees decline as a temporary weakness as investment impulse related to EU funds slowly gains momentum.

Hungarian National Bank takes a pause in easing cycle

Polish retail sales "collapse" in September, but analysts say strong fundamentals remain intact

Slovak GDP growth improves after revision to 3.3% in 1Q and 2% in 2Q 2024

Philippines achieves record $3.5bn surplus as economy rebounds

Polish industrial production eases contraction rate in September

Dismiss

Chat with usLiveChat