Connect to share and comment

Slovak official unemployment inches down in February

PlacardEnlarge
(Globalpost/GlobalPost)

Slovakia's unemployment rate fell slightly to 14.71 percent in February after soaring close to a nine-year high of 14.80 percent in January, official data showed on Wednesday.

There were 397,070 job seekers in the eurozone country of 5.4 million in February, down from 399,367 a month ago, the Centre for Labour, Social Affairs and Family said.

Unemployment had been on the rise for five previous months, which analysts blamed on changes by the leftist government to the labour code, higher taxes and levies for corporations and self-employed individuals.

"The seeming improvement in February was a normalisation after the jobless rate soared in December and January" as employers reacted to the changes in the labour code that came into effect in January, Sberbank analyst Vladimir Vano told AFP.

tab/mas/rl

http://www.globalpost.com/dispatch/news/afp/130320/slovak-official-unemployment-inches-down-february