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.

PM Iveta Radicova (c) The Daily

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.

1 Comment

  1. Yes but are these jobs in the correct area’s of Slovakia , that need them ?? All the goodies seem to be in the West of Slovakia , where there are decent road links to the main EU markets ! How long can it take a country to build an 600 klm East -West motorway or have the damm sense to join up with one already built across Hungary??

    More of concern months of the year, prices rose by 3.5 percent and the
    prices of food and non-alcoholic beverages were 7.4 percent higher in May of this year; followed by transport at 6.3 percent, education at 4.5 percent, housing, water, electricity, gas and other fuels at 4.4 percent; alcoholic beverages and tobacco at 4.2 percent; etc .

    Let them eat cake then Radicova ???

    It is no good the Finance Ministry blaming global factors that the government cannot influence . QED . poor harvests and foodstuffs becoming more expensive and the prices of oil and petroleum products. Salary , pensions and social payments are not being increased by the same amounts and the people just stave, or get ever poorer

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