Slovak Central Bank (NBS) analysts attribute the April drop in official unemployment rate to seasonal works, but once these are taken off the picture, the number of unemployed saw even a slight rise.
"The rate of registered unemployment grew by 0.1 percentage point to 14.5 percent. This development was once again influenced by a slight decrease in number of individuals on sick leave and practicum and, therefore, after leaving this factor out of the account, the overall April unemployment rate grew slightly by 0.05 percentage point to 15.70 percent," NBS analysts said on Monday. The number of job seekers and unemployment rate sees a gradual month-on-month decrease every year in the spring time due to the availability of seasonal work. "When taking these factors out of the equation, however, we register the still lingering impact of adverse macroeconomic situation at home as well as in the rest of Europe, with the unemployment on the slight rise," claimed the analysts. According to NBS, the process of job creation has slowed down. Despite the fact that there was a mild revival of economic activity, as documented by the growing figures of GDP and industrial production, this growth is still yet inadequate to effect a more pronounced improvement in terms of the creation of permanent jobs, said the analysts.
