Slovakia Employed Persons - Forecast

Employed Persons in Slovakia is expected to be 2564.15 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in Slovakia to stand at 2569.67 in 12 months time. In the long-term, the Slovakia Employed Persons is projected to trend around 2577.36 Thousand in 2020, according to our econometric models.


Forecast Data Chart
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Slovakia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.4 5.5 5.4 5.4 5.2 5.1
Employed Persons 2556 2564 2561 2562 2570 2577
Unemployed Persons 148935 146347 140630 137949 134651 122648
Labor Force Participation Rate 93.4 93.24 93.49 93.76 94.05 94.62
Long Term Unemployment Rate 4.4 3.92 3.86 3.63 3.51 3.07
Youth Unemployment Rate 18.3 18.53 18.65 18.7 18.73 18.75
Labour Costs 111 106 120 119 115 126
Productivity 117 116 116 116 115 115
Wages 1128 1060 1140 1110 1074 1220
Wages in Manufacturing 1092 1045 1100 1060 1073 1170
Minimum Wages 480 480 480 525 525 560
Population 5.44 5.45 5.44 5.44 5.44 5.45
Retirement Age Women 62.42 62.42 62.42 62.67 63 63
Retirement Age Men 62.42 62.42 62.42 62.67 63 63
Living Wage Family 630 650 650 685 625 685
Living Wage Individual 445 442 441 442 442 443
Part Time Employment 142 146 147 148 149 159
Wage Growth 3.5 3.6 3.8 3.4 3.5 3.3
Wages Low Skilled 610 660 660 660 763 680
Wages High Skilled 1390 1440 1440 1440 1830 1500
Employment Change 0.5 0.24 0.2 0.2 0.21 0.26
Employment Rate 67.1 67.56 67.51 67.94 68.08 68.51
Full Time Employment 2372 2378 2379 2380 2382 2383