EMPLOYMENT TRENDS AND GROWTH CHALLENGES IN THE SLOVAK REPUBLIC

Karol Trnovský

Economy & Business Journal, 2024, vol. 18, issue 1, 198-204

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.

Keywords: wages freeze; flexicurity; active social policy; employment (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:18:y:2024:i:1:p:198-204

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