The unemployment rate in Slovakia decreased to 4.92 percent in November of 2019 from 5.09 percent in the same month last year and slightly above market expectations of 4.89 percent. It was the lowest jobless rate since May, as the number of unemployed fell by 7,020 from a year earlier to 135.5 thousand. A month ago, the jobless rate was 4.94 percent. Unemployment Rate in Slovakia averaged 12.28 percent from 1994 until 2019, reaching an all time high of 19.79 percent in January of 2001 and a record low of 4.88 percent in May of 2019.

Unemployment Rate in Slovakia is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovakia to stand at 4.70 in 12 months time. In the long-term, the Slovakia Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

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Slovakia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.92 4.94 19.79 4.88 1994 - 2019 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-20 08:30 AM Aug 5% 5% 4.95% 5%
2019-10-18 11:00 AM Sep 5% 5% 5% 5%
2019-11-20 01:30 PM Oct 4.9% 5% 4.93% 4.8%
2019-12-20 09:40 AM Nov 4.9% 4.9% 4.89% 4.9%
2020-01-20 09:30 AM Dec 4.9% 4.98% 5%


News Stream
2019-11-20
Slovak Jobless Rate at 5-Month Low of 4.94%
The unemployment rate in Slovakia decreased to 4.94 percent in October 2019 from 5.23 percent in the same month last year and slightly above market expectations of 4.93 percent. It was the lowest jobless rate since May, as the number of unemployed fell by 7,147 from a year earlier to 136.2 thousand. A month ago, the jobless rate was higher at 5.0 percent.

2019-07-19
Slovakia Jobless Rate Edges Up to 5.0% in June
The unemployment rate in Slovakia increased to 5.0 percent in June of 2019 from 4.9 percent in the previous month and above market expectations of 4.9 percent. The number of unemployed persons increased by 2,502 from the prior month to 136,626. A year ago, the jobless rate was higher at 5.4 percent.

2019-06-20
Slovak Jobless Rate Falls to 4.9% in May
The unemployment rate in Slovakia decreased to 4.9 percent in May 2019 from 5.4 percent in the same month last year and compared with market expectations of 4.87 percent. It remains at the lowest level since the series began in 1994, as the number of unemployed fell by 14 thousand from a year earlier to 134.1 thousand.

2019-04-23
Slovak Jobless Rate Falls to Record Low
The unemployment rate in Slovakia decreased to 5 percent in March 2019 from 5.6 percent in the same month last year and below market expectations of 5.08 percent. It was the lowest jobless rate since series began in 1994, as the number of unemployed declined by 15.9 thousand from a year earlier to 138.0 thousand.

2019-01-21
Slovakia Jobless Rate Falls to Fresh Record Low of 5%
The unemployment rate in Slovakia decreased to 5 percent in December of 2018 from 5.1 percent in the previous month, below market expectations of 5.1 percent and compared with 5.9 percent in the corresponding month of the previous year. It was the lowest jobless rate since series began in March of 1994.


Slovakia Unemployment Rate
In Slovakia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.92 4.94 19.79 4.88 percent [+]
Employed Persons 2585.10 2569.90 2589.30 2083.50 Thousand [+]
Unemployed Persons 135507.00 136192.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.10 94.30 94.30 79.40 percent [+]
Long Term Unemployment Rate 3.30 3.50 12.50 3.30 percent [+]
Youth Unemployment Rate 16.70 16.10 39.90 13.30 percent [+]
Productivity 128.10 119.60 130.70 56.70 points [+]
Labour Costs 114.20 120.10 121.40 46.90 points [+]
Wages 1371.00 1132.00 1371.00 349.00 EUR/Month [+]
Wages in Manufacturing 1354.00 1109.00 1354.00 341.00 EUR/Month [+]
Minimum Wages 520.00 480.00 520.00 69.43 EUR/Month [+]
Population 5.45 5.44 5.45 3.39 Million [+]
Retirement Age Women 62.42 62.17 62.42 62.00 [+]
Retirement Age Men 62.42 62.17 62.42 62.00 [+]
Living Wage Family 640.00 635.00 640.00 635.00 EUR/Month [+]
Living Wage Individual 450.00 445.00 450.00 445.00 EUR/Month [+]
Part Time Employment 111.00 108.20 148.90 35.10 Thousand [+]
Wages Low Skilled 678.00 542.00 678.00 518.00 EUR/Month [+]
Wages High Skilled 1250.00 945.00 1250.00 884.00 EUR/Month [+]
Wage Growth 4.70 7.00 14.70 -33.10 percent [+]
Employment Change 0.30 0.30 1.90 -1.40 percent [+]
Employment Rate 68.50 68.10 68.60 56.10 percent [+]
Full Time Employment 2420.10 2441.60 2446.40 1877.10 Thousand [+]