Slovak unemployment inches down in March

Slovakia's unemployment rate fell slightly for a second month to 14.68 percent in March after reaching 14.71 percent in February, official data showed on Monday.

In March 2012, unemployment stood at 13.69 percent.

The eurozone country of 5.4 million people had 396,252 job seekers last month, down from 397,070 in February, the Centre for Labour, Social Affairs and Family said.

Joblessness had been on the rise for five months prior, which analysts attributed to the leftist government's changes to the labour code, higher taxes and levies for corporations and self-employed people.

"The improvement is a reason for cautious optimism," Labour Minister Jan Richter told reporters Monday.

"We expect the jobless rate to continue falling in the coming months" as warmer weather allows for seasonal jobs to emerge in construction and agriculture.