The current drop in unemployment in Slovakia will probably soon halt or at least slow down as a result of the current pandemic wave, analysts stated. The registered unemployment rate in Slovakia shrank to 6.79% in October 2021, representing a month-on-month drop of 0.3 percentage points. The number of unemployed has thus been falling for the seventh month in a row. The number of job seekers registered went down by some 4,000 people.
UniCredit Bank analyst Ľubomír Koršňák said that probably thanks to more functional government aid and less panic among entrepreneurs, an increase in layoffs is no longer observable during the current pandemic wave. "This is what contributed to the maintenance of a downward trend in the unemployment rate. A slightly higher number of newly unemployed was added to labour offices' registers in recent months only from the public sector," stated Koršňák.
