The unemployment rate in Slovenia dropped to 7.9 percent in March of 2019 from 8.6 percent in the same month of the previous year. The number of unemployed persons declined by 4,687 from a year earlier to 76,533 while employment jumped by 26,834 to 890,007. By genders, the jobless rate was lower for men (7.2 percent) than for women (8.8 percent). In the first quarter of the year, a total of 21,544 persons were officially registered as newly unemployed, 0.3 percent less than in the corresponding period in 2018. Among the newly unemployed 13,299 were applying due to expiration of the fixed-term employment, 1,895 were seeking for a first job and 3,006 were jobless due to permanent redundancies and bankruptcies. In January, the jobless rate was higher at 8.4 percent. Unemployment Rate in Slovenia averaged 11.52 percent from 1991 until 2019, reaching an all time high of 15.50 percent in October of 1993 and a record low of 6.30 percent in September of 2008.
Unemployment Rate in Slovenia is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovenia to stand at 6.80 in 12 months time. In the long-term, the Slovenia Unemployment Rate is projected to trend around 6.40 percent in 2020, according to our econometric models.