The Rate of Unemployment in Slovenia Continues to Decline

At the end of July, Slovenia featured 14.6% less unemployed people than in July 2016 and 0.1% less than in June. The best indicators of unemployment reduction in the average annual measurement are the municipalities of Trbovlje (-22.4%), Novo Mesto (-21.1%), Velenje (-19.1%), and Sevnica (-17.8%).

At present, the rate of unemployment decline has slowed down due to the increase in the number of people who became unemployed after the expiration of temporary labour agreements.

In total, 6,587 new unemployed persons were registered in the Employment Service in July 2017. This figure is 31.1% higher than in June this year and 2.4% lower than in July 2016. Among the new registered unemployed, 4,234 people have submitted their applications, as the terms of their temporary employment contracts expired. Another 839 persons are the laid-off employees and bankrupt persons, and 548 people are looking for their first job.

Out of 6,706 unemployed people taken into account by the Employment Service in July this year, 4,303 persons were later employed (or became self-employed). This is 21% less than in June, and 14% less than in July 2016.

At the average monthly level, the unemployment rate increased in three regional offices of the Employment Service—in Novo Mesto (by 1.7%), in Nova Gorica (by 0.5%), and in Maribor (by 0.1%). In Ljubljana, the unemployment rate has not changed. The unemployment rate has significantly decreased in Koper (-1.4%), Kranj (-0.7%), and Trbovlje (-0.6%).

At the average annual level, the number of officially unemployed persons declined most in Trbovlje (-22.4%), Novo Mesto (-21.1%), Velenje (-19.1%), and Sevnica (-17.8%).

In the first seven months of this year, the Employment Service recorded an average of 92,639 unemployed persons. This is 13.7% less than in the same period last year.

In total, 46,806 unemployed persons were registered for the first time, which is 8.2% less than in the same period in 2016. The majority of these people were registered with the Employment Service, because their temporary labour contracts terminated (27,408 people, 8.3% less than in 2016). Next are the laid-off employees and bankrupt persons (7,522 people, 10.2% less than in the reporting period last year). The third place belongs to those who are looking for a job for the first time (4,875 people, 13.6% less).

In total, 61,747 people deregistered. Meanwhile, 45,067 deregistered people found a new job. This is 8.6% less than in the same period in 2016.

In the second half of 2017 and throughout the entire 2018, further growth in employment is expected across the country.

According to the Employment Service, Slovenian employers plan to hire 25,300 employees in the second half of this year. Employers from the sphere of construction and various types of commercial activities forecast the greatest increase in the number of personnel. Employees from the field of information and communication technologies, transport, logistics and warehousing services, and manufacturing industries also provide optimistic forecasts for future employment rates.