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Unemployment rate in Slovakia decreased under 9 pct

Xinhua, December 21, 2016 Adjust font size:

The unemployment rate in Slovakia stood at 8.78 percent in November, down by 0.3 percentage points from October and by 1.99 percentage points year-on-year, Slovak Labour, Social Affairs and the Family Centre (UPSVaR) general director Marian Valentovic confirmed at a news conference here on Tuesday.

Meanwhile, the number of job seekers immediately able to start work was 238,380 in November.

"This represents a decrease of 8,214 individuals m-o-m and of 52,132 y-o-y," said Valentovic.

According to Slovak Prime Minister Robert Fico, all Slovak regions posted falls in unemployment in November.

"We've managed to cross another threshold, and here is a result that pleases me very much, as I expected a development like this to come only in the next few months or even in 2018," noted Fico.

The Slovak government is also doing well in terms of creating new jobs, stated Fico, quantifying the number of new jobs created solely this year at 63,500.

"We reported the highest-ever employment rate," stressed Fico.

Slovak Labour, Social Affairs and the Family Minister Jan Richter highlighted the fact that unemployment has been reduced in two high-risk categories, in particular in the category of people aged up to 25, as well as among the long-term unemployed.

"Young people stay and work in Slovakia. This applies to university graduates and school-leavers as well. We can speak about 7 percent of them finding a job abroad. It's important that these people are able to return home," added Richter. Endit