Unemployment in Slovakia slightly eases in April

Analysis

The unemployment rate in Slovakia reached 14.41% in April, which is 0.27 percentage points down compared to the previous month, the TASR new agency  reported citing an announcement by Labor Minister Ján Richter on Monday. The overall number of jobseekers in April stood at 422,071, fell by 9,311 compared to March, Richter said. According to the report, more than half of all jobless Slovaks (55.3%) are long-term unemployed, meaning two years or more. In addition, the number of jobless youth, below 25 years of age, reached almost 76,400, including 24,640 school-leavers and graduates. Analysts from the National Bank of Slovakia attribute April’s drop in the official unemployment rate to seasonal work.

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