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Slovakia – Unemployment Falls To Lowest Rate Since 1993

Slovakia’s month-to-month unemployment rate fell by 0.13% to 5.03% in March 2019 (vs 5.16% in February), according to data released by the Labour, Social Affairs and the Family Centre on April 23rd.

The recent rate is the lowest recorded in the country since 1993. Slovakia also saw it’s year-to-year unemployment rate fall by 0.52%. The number of job seekers fell to below 170,000, dropping by just under 4,300 and 17,980 persons on a monthly and yearly basis respectively (a 9.58% fall in the case of the latter).

Slovakia’s Unemployment Rate fell to record lows in March (source: Trading Economics)

The fall in the jobless rate was recorded across all regions. According to Labour Minister Jan Richter, the unemployment rate dropped below 4% in 36 districts, with the region of Presov recording the steepest decline in unemployment. The Bratislava region was where the most jobs were offered.

The minister also indicated that he expects the unemployment rate to fall below 5% in April.

About James Eugene (94 Articles)
Interested in many (maybe too many) things. Football, Politics and Emerging & Frontier Markets, to name a few. Twitter: @James_Eugene

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