Labor Force Participation Rate in Slovakia increased to 94.40 percent in the fourth quarter of 2019 from 94.10 percent in the third quarter of 2019.

Labor Force Participation Rate in Slovakia averaged 86.43 percent from 1998 until 2019, reaching an all time high of 94.40 percent in the fourth quarter of 2019 and a record low of 79.40 percent in the first quarter of 2001. This page provides - Slovakia Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Labor Force Participation Rate - values, historical data and charts - was last updated on June of 2020.

Labor Force Participation Rate in Slovakia is expected to be 94.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Slovakia to stand at 94.12 in 12 months time. In the long-term, the Slovakia Labor Force Participation Rate is projected to trend around 94.45 percent in 2021 and 94.62 percent in 2022, according to our econometric models.

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Slovakia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
94.40 94.10 94.40 79.40 1998 - 2019 percent Quarterly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.60 5.20 19.79 4.88 percent [+]
Employed Persons 2591.20 2585.10 2591.20 2083.50 Thousand [+]
Unemployed Persons 180756.00 142993.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.40 94.10 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.30 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 16.10 15.70 39.90 13.10 percent [+]
Productivity 107.70 106.60 107.70 45.00 points [+]
Labour Costs 129.80 115.30 129.80 47.30 points [+]
Wages 1156.00 1136.00 1381.00 349.00 EUR/Month [+]
Wages in Manufacturing 1117.00 1110.00 1365.00 341.00 EUR/Month [+]
Minimum Wages 520.00 520.00 520.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.42 62.17 62.42 62.00 [+]
Retirement Age Men 62.42 62.17 62.42 62.00 [+]
Part Time Employment 120.10 118.50 148.90 35.10 Thousand [+]
Living Wage Family 640.00 635.00 640.00 635.00 EUR/Month [+]
Living Wage Individual 450.00 445.00 450.00 445.00 EUR/Month [+]
Wage Growth 6.90 4.70 14.70 -33.10 percent [+]
Wages Low Skilled 678.00 542.00 678.00 518.00 EUR/Month [+]
Wages High Skilled 1250.00 945.00 1250.00 884.00 EUR/Month [+]
Employment Change 0.10 0.20 1.90 -1.40 percent [+]
Employment Rate 68.50 68.50 68.60 56.10 percent [+]
Full Time Employment 2428.50 2427.20 2446.40 1877.10 Thousand [+]


Slovakia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.