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Fighting the labour shortage: current unemployment situation in Slovakia

Starting last year, the development of unemployment in industry in Slovakia reflected a gradual improvement of the situation, which was accompanied by a significant decline in the number of unemployed in 2023. The downward trend in unemployment in Slovakia continued despite the global pandemic and its economic impact. Does it look equally optimistic in 2024?


How is Slovakia doing so far compared to 2023?


In January this year, we saw a slight increase in the unemployment rate, but this is considered to be a typical seasonal phenomenon. From 3.88% in December last year, the unemployment rate rose to 3.97% in January. Although this represents a slight monthly increase, it is still an improvement compared to the same period last year when the unemployment rate stood at 4.44%.


In 2023, the highest unemployment rates were recorded in the Presov (9.94%), Košice (8.74%) and Banská Bystrica (8.28%) regions. These figures contrast with the lowest unemployment rates in the Bratislava Region (3.25%), Nitra Region (3.86%) and Trenčín Region (3.69%). These differences point to uneven economic development and different labour market opportunities between the western and eastern regions of Slovakia.


Current state of the Slovak labour market


The labour market in Slovakia is currently in robust shape, as indicated by unemployment falling below 4% for the fifth consecutive month. In January, the labour offices registered around 173,833 jobseekers and more than 82,000 vacancies. The high number of job vacancies suggests that some sectors continue to experience recruitment problems, and the number of foreigners employed in Slovakia is also on the rise.


What role does industry play in the development of unemployment?


The automotive industry, as one of the pillars of the Slovak economy, had a major impact on the decline in unemployment. The expansion of this sector not only supported the economic recovery, but also created a number of new jobs, which had a direct positive impact on the labour market. The government and business continue to implement measures to maintain this trend in the future.


What do experts predict for the labour market in the coming months?


Analysts predict that unemployment in Slovakia could stagnate or even decline slightly in the coming months. This trend could be supported by seasonal work, especially in agriculture and construction, which traditionally starts in spring and brings temporary opportunities for workers in these sectors.


Positive labour market signals and expected seasonal improvements suggest that the Slovak labour market could remain stable. However, government and economic strategists should remain vigilant and ready to respond to potential economic challenges that could affect employment in the country.


Need help fighting unemployment? We will supply you with quality production staff in every situation.

Starting last year, the development of unemployment in industry in Slovakia reflected a gradual improvement of the situation, which was accompanied by a significant decline in the number of unemployed in 2023. The downward trend in unemployment in Slovakia continued despite the global pandemic and its economic impact. Does it look equally optimistic in 2024?


How is Slovakia doing so far compared to 2023?


In January this year, we saw a slight increase in the unemployment rate, but this is considered to be a typical seasonal phenomenon. From 3.88% in December last year, the unemployment rate rose to 3.97% in January. Although this represents a slight monthly increase, it is still an improvement compared to the same period last year when the unemployment rate stood at 4.44%.


In 2023, the highest unemployment rates were recorded in the Presov (9.94%), Košice (8.74%) and Banská Bystrica (8.28%) regions. These figures contrast with the lowest unemployment rates in the Bratislava Region (3.25%), Nitra Region (3.86%) and Trenčín Region (3.69%). These differences point to uneven economic development and different labour market opportunities between the western and eastern regions of Slovakia.


Current state of the Slovak labour market


The labour market in Slovakia is currently in robust shape, as indicated by unemployment falling below 4% for the fifth consecutive month. In January, the labour offices registered around 173,833 jobseekers and more than 82,000 vacancies. The high number of job vacancies suggests that some sectors continue to experience recruitment problems, and the number of foreigners employed in Slovakia is also on the rise.


What role does industry play in the development of unemployment?


The automotive industry, as one of the pillars of the Slovak economy, had a major impact on the decline in unemployment. The expansion of this sector not only supported the economic recovery, but also created a number of new jobs, which had a direct positive impact on the labour market. The government and business continue to implement measures to maintain this trend in the future.


What do experts predict for the labour market in the coming months?


Analysts predict that unemployment in Slovakia could stagnate or even decline slightly in the coming months. This trend could be supported by seasonal work, especially in agriculture and construction, which traditionally starts in spring and brings temporary opportunities for workers in these sectors.


Positive labour market signals and expected seasonal improvements suggest that the Slovak labour market could remain stable. However, government and economic strategists should remain vigilant and ready to respond to potential economic challenges that could affect employment in the country.


Need help fighting unemployment? We will supply you with quality production staff in every situation.



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