Unemployment rate in Slovenia decreased to 7.4 percent in October of 2019 from 7.9 percent a year earlier, as the number of unemployed fell by 3,816 to 72,416 while employment rose by 15,578 to 901,285. Considering the first ten months of the year, 60,850 persons were officially registered as newly unemployed, 3.6 percent less than in the same period a year ago. Among the newly unemployed, 33,217 were unemployed due to expiration of the fixed-term employment, 8,477were seeking for a first job and 8,646 were jobless due to permanent redundancies and bankruptcies. In September, the jobless rate was also 7.2 percent. Unemployment Rate in Slovenia averaged 11.44 percent from 1991 until 2019, reaching an all time high of 15.50 percent in October of 1993 and a record low of 6.30 percent in September of 2008.
Unemployment Rate in Slovenia is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovenia to stand at 6.90 in 12 months time. In the long-term, the Slovenia Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.