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. Unemployment Rate in Slovakia averaged 12.41 percent from 1994 until 2019, reaching an all time high of 19.79 percent in January of 2001 and a record low of 4.90 percent in April of 2019.
Unemployment Rate in Slovakia is expected to be 4.60 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 4.60 in 12 months time. In the long-term, the Slovakia Unemployment Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.