Long Term Unemployment Rate in Slovakia decreased to 2.90 percent in the third quarter of 2020 from 3.50 percent in the first quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Slovakia averaged 8.45 percent from 1998 until 2020, reaching an all time high of 12.50 percent in the first quarter of 2002 and a record low of 2.90 percent in the third quarter of 2020. This page provides - Slovakia Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Long Term Unemployment Rate - values, historical data and charts - was last updated on January of 2021.

Long Term Unemployment Rate in Slovakia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Slovakia to stand at 2.60 in 12 months time. In the long-term, the Slovakia Long Term Unemployment Rate is projected to trend around 2.60 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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Slovakia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.50 12.50 2.90 1998 - 2020 percent Quarterly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.40 19.79 4.88 percent [+]
Employed Persons 2529.40 2504.50 2591.20 2083.50 Thousand [+]
Unemployed Persons 201948.00 201281.00 533676.00 134124.00 [+]
Labor Force Participation Rate 92.80 93.40 94.40 79.40 percent [+]
Long Term Unemployment Rate 2.90 3.50 12.50 2.90 percent [+]
Youth Unemployment Rate 20.40 18.80 39.90 13.10 percent [+]
Productivity 111.50 113.90 113.90 45.00 points [+]
Labour Costs 117.40 130.90 134.80 47.30 points [+]
Wages 1494.00 1163.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1481.00 1137.00 1481.00 341.00 EUR/Month [+]
Minimum Wages 580.00 580.00 580.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.67 62.50 62.67 62.00 [+]
Retirement Age Men 62.67 62.50 62.67 62.00 [+]
Wage Growth 2.70 3.00 14.70 -33.10 percent [+]
Part Time Employment 111.20 118.30 148.90 35.10 Thousand [+]
Employment Change -1.10 -0.80 1.90 -1.40 percent [+]
Employment Rate 67.50 66.80 68.60 56.10 percent [+]
Full Time Employment 2377.70 2292.00 2446.40 1877.10 Thousand [+]


Slovakia Long Term Unemployment Rate
In Slovakia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.