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Unemployment rate in Slovakia rose for the first time after six years

  • In the 1st quarter of 2020, a long-term downward trend of unemployment rate stopped.
  • Unemployment rate rose for the first time after six years, year-on-year, by 1,1 %.

The total number of the unemployed, according to the Statistical Office of the Slovak Republic, rose by 1,8 thous. to 161,6 thous. persons. Compared with the 1st quarter of 2019, the unemployment rate increased by 0,2%, reaching 6%.

For women it grew by 0,2 p.p. to 6,2 %, for men by 0,1 p.p. to 5,8 %.

Compared with the 4th quarter of 2019, the seasonally adjusted unemployment rate increased by 6,2 thous. persons (by 4 %) to 160,7 thous. persons.

The number of the unemployed persons increased in the majority of age groups. It rose the most in the age group of the 35-49 by 6 thous. persons. A year-on-year decrease was recorded in the age group 25-34 (by 6,8 thous. persons) and in the 55-59 age group (2,9 thous. persons)

The unemployed persons, who have never had a job, represented 21,5 % of the total unemployment, their share decreased by 1 p.p., year-on-year. In terms of the economic activity of the last employer, the highest number persons was employed last in industry (23,3 %), in trade (8,8 %) and in accommodation and food services (by 6,7 %).