The unemployment rate in Slovakia jumped to 7.4 percent in September 2020 from 5.0 percent in the corresponding month of the previous year, but below market expectations of 8 percent. The jobless rate remained close to July's over three-year high, amid the coronavirus crisis.

Unemployment Rate in Slovakia averaged 12.07 percent from 1994 until 2020, reaching an all time high of 19.79 percent in January of 2001 and a record low of 4.88 percent in May of 2019. This page provides the latest reported value for - Slovakia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Slovakia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Slovakia is expected to be 8.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovakia to stand at 7.40 in 12 months time. In the long-term, the Slovakia Unemployment Rate is projected to trend around 6.80 percent in 2021 and 5.50 percent in 2022, according to our econometric models.

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Slovakia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.40 7.60 19.79 4.88 1994 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-20 08:30 AM Jun 7.4% 7.2% 8% 8%
2020-08-20 08:00 AM Jul 7.7% 7.4% 7.65% 7.7%
2020-09-16 11:30 AM Aug 7.6% 7.7% 7.71% 7.8%
2020-10-19 01:15 PM Sep 7.4% 7.6% 8% 8.2%
2020-11-20 01:30 PM Oct 7.4% 7.7%
2020-12-21 09:40 AM Nov


News Stream
Slovak Jobless Rate Remains Elevated in September
The unemployment rate in Slovakia jumped to 7.4 percent in September 2020 from 5.0 percent in the corresponding month of the previous year, but below market expectations of 8 percent. The jobless rate remained close to July's over three-year high, amid the coronavirus crisis.
2020-10-19
Slovak July Jobless Rate Highest since 2017
The unemployment rate in Slovakia climbed to 7.7 percent in July of 2020 from 5 percent in the corresponding month of the previous year, in line with market expectations. It was the highest jobless rate since April of 2017, as the global pandemic continued to hit the labour market. The number of unemployed went up by 72.8 thousand from a year earlier to 209.8 thousand, the highest since April of 2017. In June, the jobless rate was slightly lower at 7.4 percent.
2020-08-20
Slovakia Jobless Rate Rises to Over 3-Year High of 7.4%
The unemployment rate in Slovakia jumped to 7.4 percent in June 2020 from 5 percent in the corresponding month of the previous year, but below market expectations of 8 percent. It was the highest jobless rate since April 2017, as the coronavirus pandemic hit the labour market. The number of unemployed persons went up by 66.9 thousand from a year earlier to 203.6 thousand, the highest since April 2017. In May, the jobless rate was lower at 7.2 percent.
2020-07-20
Slovak May Jobless Rate Hits 3-Year High of 7.2%
The unemployment rate in Slovakia soared to 7.2 percent in May of 2020 from 4.9 percent in the same month of the previous year and matching market expectations. That was the highest rate since May of 2017, amid business closures across the country prompted by the global pandemic. The number of unemployed persons rose by 64.1 thousand from a year earlier to 198.3 thousand, the highest since May 2017. In April, the jobless rate was lower at 6.6 percent.
2020-06-19

Slovakia Unemployment Rate
In Slovakia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.