The unemployment rate in Slovenia dropped to 8.4 percent in February 2019 from 9.1 percent in the same month of the previous year. The number of unemployed persons declined by 4,928 from a year earlier to 80,755 while employment went up by 27,908 to 884,685. By genders, the jobless rate was lower for men (7.8 percent) than for women (9.0 percent). In February, a total of 5,168 persons were officially registered as newly unemployed, 0.5 percent more than in the corresponding period in 2018. Among the newly unemployed 7,763 were applying due to expiration of the fixed-term employment, 543 were seeking for a first job and 709 were jobless due to permanent redundancies and bankruptcies. In January, the jobless rate was higher at 8.6 percent. Unemployment Rate in Slovenia averaged 11.53 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 7.10 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.