The unemployment rate in Slovenia went down to 7.8 percent in September of 2018 from 8.7 percent in the corresponding month of the previous year. The number of unemployed persons fell by 7,209 from a year ago to 73,781 and employment rose by 24,730 to 877,894. Considering the first nine months of the year, 53,570 persons were officially registered as newly unemployed, 7.7 percent less than in the same period a year ago. Among the newly unemployed, 31,791 were applying due to expiration of the fixed-term employment, 5,844 were seeking for a first job and 6,759 were jobless due to permanent redundancies and bankruptcies. In August, the jobless rate stood at 8 percent. Unemployment Rate in Slovenia averaged 11.58 percent from 1991 until 2018, 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 7.80 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 7.30 in 12 months time. In the long-term, the Slovenia Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.