Business News

Unemployment Total Down in February

Ljubljana, 06 March (STA) - Slovenia's jobless total dropped in February after five consecutive months of growth. The Employment Service registered 115,036 unemployed in February, down 0.8% on the month before and down 0.5% year-on-year.

The number of newly registered fell by 40.1% from January to 6,912. This is 4.6% down compared to February 2011, data issued by the Employment Service on Tuesday show.

The newly registered included 748 first-time job seekers, 1,763 redundant workers and 3,359 who were left without a job after their fixed-term contract expired.

Of the 7,841 who were checked out from the Employment Service's register in February, 5,244 got a job or got self-employed. This is up 4.9% on January and up 7.7% on February 2011.

Meanwhile, the demand for workers decreased. Employers registered 13,051 job vacancies, 16.6% fewer than in January and down 8.8% year-on-year.

An average of 115,501 unemployed were registered in the first two months of the year, up 0.1% year-on-year. Of those, 18,451 were newly registered, 9.8% fewer than in the same period last year.

A total of 16,169 were removed from the unemployment register in the first two months, 10,241 because they found an employment (down 5% y/y).

Employers registered 28,696 vacancies those first two months, or 2.7% fewer than in the same period last year.

Demand for workers increased in electricity, gas and steam supply industries and construction, while it declined in mining, retail, maintenance, motor vehicle repair, public administration and defence.

Demand for workers also fell in manufacturing; employers registered a total of 5,794 job vacancies or 7.3% fewer than in the first two months of 2011.

While the proportions of women, young, first job seekers and people who have been out of a job a long time decreased among the unemployed, the percentages of those who lost their jobs due to bankruptcies, were older or had lower education increased.

The average time out of a job increased to one year, eight months and 28 days at the end of February. This is two months and 12 days more than a year ago.

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