UPSVaR: Unemployment Rate Fell to 10.09 percent in February

At a labour office. (Photo by TASR)

Bratislava, March 18 (TASR) – The unemployment rate in Slovakia stood at 10.09 percent in February, announced Labour, Social Affairs and the Family Centre (UPSVaR) director Marian Valentovic at a press conference on Friday.

Compared to January, when it stood at 10.39 percent, unemployment fell by 0.3 percentage points. It decreased by 2.23 p.p. year-on-year.

The number of jobseekers available for work reached 274,202 in February. Month-on-month, the number went down by 8,137 (2.88 percent) compared to January. It went down by 58,016 year-on-year, which is 17.46 percent lower, said Valentovic.

The unemployment rate calculated from the total number of jobseekers reached 12 percent in February, down by 0.18 p.p. m-o-m and by 1.95 p.p. y-o-y.

The total number of jobseekers reached 326,075 in February, down by 1.42 percent m-o-m. It fell by 50,195 year-on-year, which is 13.34 percent, said Valentovic.

Unemployment was reduced in all eight Slovakia’s regions, most significantly in Kosice region, with the highest unemployment rate remaining in Presov region (14.89 percent). In terms of districts, the highest jobless rate was in Rimavska Sobota (Banska Bystrica region) – 27.15 percent, and the lowest one in Bratislava V District – 4.42 percent.

At the end of February there were 34,128 job vacancies at job centres, a m-o-m increase of 2,778.