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Employment Trends And Growth Challenges In The Slovak Republic

Author

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  • Karol Trnovský

Abstract

The Slovak labor market faces challenges similar to those in other EU countries. Increasing the participation of inhabitants in the employment rate is crucial in the fight against poverty. A fundamental assumption for employment growth is economic growth, largely stimulated by domestic demand. In recent years, the global crisis has significantly impacted the economic system, affecting global labor markets by causing cost reductions, wage freezes, worker layoffs, and a reduction in employment rates. Addressing employment rate issues requires the development of active labor market policies.

Suggested Citation

  • Karol Trnovský, 2024. "Employment Trends And Growth Challenges In The Slovak Republic," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 18(1), pages 198-204.
    • Handle: RePEc:isp:journl:v:18:y:2024:i:1:p:198-204
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    More about this item

    Keywords

    wages freeze; flexicurity; active social policy; employment;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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