Long Term Unemployment Rate in Slovakia is expected to be 4.08 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Slovakia to stand at 3.75 in 12 months time. In the long-term, the Slovakia Long Term Unemployment Rate is projected to trend around 3.48 percent in 2020, according to our econometric models.


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Slovakia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.4 5.2 5.4 5.3 5.2 5.1
Employed Persons 2556 2561 2562 2570 2573 2577
Unemployed Persons 147803 143223 140302 137609 135432 126806
Labor Force Participation Rate 93.4 93.49 93.76 94.05 93.91 94.62
Long Term Unemployment Rate 4.2 4.08 3.87 3.81 3.75 3.48
Youth Unemployment Rate 14.5 14.86 15.03 15.11 15.14 15.17
Labour Costs 111 120 119 115 110 126
Productivity 117 116 116 115 115 115
Wages 1072 1140 1110 1099 1091 1220
Wages in Manufacturing 1060 1100 1060 1095 1087 1170
Minimum Wages 480 480 525 525 525 560
Population 5.44 5.44 5.44 5.44 5.44 5.45
Retirement Age Women 62.42 62.42 62.67 62.42 62.42 63
Retirement Age Men 62.42 62.42 62.67 62.42 62.42 63
Living Wage Family 640 650 685 638 638 685
Living Wage Individual 450 445 448 449 450 450
Part Time Employment 128 132 132 132 132 135
Wage Growth 3.5 3.8 3.4 3.5 3.6 3.3
Wages Low Skilled 678 660 660 566 566 680
Wages High Skilled 1250 1440 1440 983 975 1500
Employment Change 0.5 0.32 0.28 0.25 0.26 0.3
Employment Rate 67.1 67.07 67.51 67.44 67.45 67.68
Full Time Employment 2389 2394 2396 2400 2401 2404