The unemployment rate in Slovenia decreased to 7.4 percent in May of 2019 from 8.1 percent a year earlier. It was the lowest jobless rate since December of 2008, as the number of unemployed decreased by 4,693 to 72,012 and employment rose by 23,863 to 896,129. Considering the first five months of the year, 31,021 persons were officially registered as newly unemployed, 2.8 percent less than in the same period a year ago. Among the newly unemployed, 18.541 were unemployed due to expiration of the fixed-term employment, 2,772 were seeking for a first job and 4,447 were jobless due to permanent redundancies and bankruptcies. In April, the jobless rate was higher at 7.6 percent. Unemployment Rate in Slovenia averaged 11.50 percent from 1991 until 2019, reaching an all time high of 15.50 percent in October of 1993 and a record low of 6.30 percent in September of 2008.
Unemployment Rate in Slovenia is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Slovenia to stand at 6.80 in 12 months time. In the long-term, the Slovenia Unemployment Rate is projected to trend around 6.40 percent in 2020, according to our econometric models.