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Unemployment in the 2nd quarter of 2020

Unemployment in the 2nd quarter of 2020

Last update: 04.09.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Demographic and social statistics
Domain: Labour
Publish Date: 04.09.2020

(According to the Labour Force Sample Survey) 1)

Unemployment increased by 14,7 % year-on-year, the last time was such significant increase in 2010

According to the Labour Force Sample Survey (LFSS) 2), the number of the unemployed  reached 177,8 thousand in the 2nd  quarter of 2020 in absolute terms, it increased by 14,7 %, year-on-year (by 22,8 thousand persons). Such a sharp increase was last recorded ten years ago (in the second quarter of 2010, the number of unemployed increased by 28,5 %, year-on- year).

In the 1st quarter of this year, a long-term downward trend of unemployment rate stopped when the trend in the unemployment development changed and the number of the unemployed started to grow. The year-on-year increase in the number of unemployed, lasting at least two consecutive quarters, was last detected in the 3rd quarter of 2013.

At the same time, the current unemployment rate rose year-on-year by 0,9 p.p. to 6,6 %, thus reaching the level of two years ago (2nd quarter of 2018). Compared with the 1st quarter of 2020, the seasonally adjusted unemployment rate rose by 14,3 thousand (by 8,7 %) to 178,4 thousand persons.

Unemployment rate - graph

Some people who are no longer employed have not moved to the category of the unemployed, but have fallen out of the labor market into the category of the economically inactive persons. The number of economically inactive persons in the 2nd quarter increased by 44,4 thousand year-on-year, to 1 911,9 thousand persons. 3)

In terms of age structure, the largest group of the unemployed still consisted of people aged 35-49 years (40,6 % of the number of the unemployed). This age group is the most represented among the new unemployed, their number rose by 19,8 thousand. The number of unemployed also increased in other age groups, except the age group of 55-59 years old, where a drop by 3,6 thousand persons was registered.

The impact of the corona crisis was manifested mainly by a rapid increase in the number and share of short-term unemployed people (one month and one to three months, respectively). Altogether, the number of persons in these two groups doubled year-on-year, in the structure of the unemployed.

The unemployed, who have never had a job, accounted for 18,5 % of total unemployment, their share decreased by 4 p.p. year-on-year. In terms of the economic activity of the last employer, the highest number of persons was employed last in industry (28,4 %) and in trade (9 %).

Unemployment rate increased year-on-year in all regions, mostly in Prešovský kraj (by 10,1 thousand persons), which also reached the highest level of regional unemployment rate (12 %), with its fastest year-on-year growth by 2,6 p.p. The unemployment rate was above the rate of the Slovak average in another two regions, in Košický kraj (8,9 %) and in Banskobystrický kraj (8,5 %), while in Košický kraj there was also a higher increase (by 1,2 p.p.).

The lowest unemployment rate within the SR was in Bratislavský kraj, 3,1 %, while a year ago it was 2,4 %.

In the first half of 2020, unemployment increased year-on-year by 7,8 % (a year ago there was a decrease by 16,2 %) and reached 169,7 thousand persons. The unemployment rate rose by 0,5 p.p. to 6,3 %.

1) LFS methodology is in line with the international definitions and recommendations of the ILO and Eurostat
2) According to the LFS, unemployed are all persons aged 15-74 who are currently fulfilling three conditions: not working for pay or profit during the reference week, actively seeking work during the last four weeks or who found a job to start within a period of at most 3 months, able to start work in the next two weeks following the reference week.
3) According to the LFS, economically inactive are persons who are not working for pay or profit during the reference week and who are actively seeking work during the last four weeks but are not able to start work in the next two weeks, including persons on parental leave.
p.p. percentage point
Source: SOSR, DATAcube. [pr0101qs]


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