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.