PM Says Labour Market is Recovering
At the weekend Prime Minister Iveta Radicova boasted about the improvement in the unemployment figures in Slovakia, which are still nevertheless high in terms of the EU average.
She noted that there were 31,500 fewer unemployed in Slovakia in 1Q compared to the figures for last year, which translates as an unemployment rate of 13.9%. The PM regards the improvement as proof that the Slovak labour market is recovering.
Radicova says the latest figures are evidence that the crisis is now receding, with more jobs being generated, as this is the first time since the crisis hit that the unemployment figures in Slovakia have dropped.
The trend seems to pervade throughout Europe, though, with the euro area (EA17) seasonally-adjusted unemployment rate at 9.9% in April 2011, unchanged compared with March, but an improvement over 10.2% in April 2010. The EU27 unemployment rate was 9.4% in April 2011, compared with 9.7% in April 2010.