The unemployment rate in Slovakia increased to 6.6 percent in April 2020, the highest since July 2017, as efforts to contain the coronavirus pandemic forced many non-essential businesses to close. The number of unemployed rose by 46.0 thousand from a year earlier to 180.8 thousand.
Unemployment Rate in Slovakia averaged 12.15 percent from 1994 until 2020, reaching an all time high of 19.79 percent in January of 2001 and a record low of 4.88 percent in May of 2019. This page provides the latest reported value for - Slovakia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Slovakia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Unemployment Rate in Slovakia is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovakia to stand at 8.70 in 12 months time. In the long-term, the Slovakia Unemployment Rate is projected to trend around 6.80 percent in 2021 and 5.50 percent in 2022, according to our econometric models.