Business News

Jobless Rate Falls for First Time in Half a Year

Ljubljana, 16 May (STA) - Slovenia's jobless rate fell 0.2 percentage points to 13.4% in March, the first decrease since September 2012, the Statistics Office said on Thursday.

The active population rose by 1,200 to over 790,000 in March, according to the official data.

Despite the good news, the Statistics Office said the increase was likely of a seasonal nature, as a similar trend was recorded in the spring and summer of 2012, only for unemployment to spike in the autumn.

The March jobless rate was therefore still 1.4% higher than in the same month a year ago, while the number of people in active employment was down 25,000.

A more detailed breakdown shows that only the unemployment among men dropped, from 13.5% to 13.2%, whereas the rate among women remained unchanged on the month before at 13.7%.

The unemployment rate dropped in all age categories except for the 35-39 years group, where it remained flat.

Moreover, 11 of 12 statistical regions reported a drop in unemployment, with only the Notranjsko-Kraška in south-western Slovenia reporting an increase of 0.2 percentage points to 12.6%.

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