Slovak analyst: Fall in labour demand may slow unemployment drop

The unemployment rate in Slovakia in June did not fall for the first time since September 2015, as there is a lack of labour in some regions, and the labour market has some long-term problems, TASR learnt on Friday from analyst for UniCredit Bank Czech Republic and Slovakia Lubomir Korsnak. The pace at which unemployment falls could thus slow down in the coming months. "The growing economy should be able to continue to generate new jobs, however, especially in the west of the country, where there isn't a supply of suitable labour. But the economy is already starting to show signs of an approaching cyclical peak, so it can be expected that growth in demand for new employees will gradually slow down, which may further decelerate the decline in unemployment in regions where the labour supply is still sufficient," said the analyst.