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World

Slovenia's jobless total down 15.4pc y/y

Published March 5, 2018 Updated March 5, 2018 01:40pm

LJUBLJANA: The number of jobless people in Slovenia fell to 85,683 in February, down by 2.5 percent from January and 15.4 percent lower than a year ago, the national Employment Service said on Monday.

Slovenia, which narrowly avoided an international bailout for its banks in 2013, returned to growth a year later and has since significantly reduced unemployment with the help of strong economic growth which reached 5 percent last year.

"The jobless number fell in February in all regions (of Slovenia) after rising in the previous two months due to seasonal factors," the service said in a report, adding new jobless registrations fell by 54.1 percent compared to January.

In December and January the number of jobless people rose mainly due to a large number of expired short-term labour contracts.

The February jobless rate will be released in April. It reached 9 percent in December, the latest data available, when there were 85,060 unemployed.

The government anticipates the number of jobless will fall to an annual average of some 82,200 this year.

 

Copyright Reuters, 2018
 

 

 

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