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Unemployment is a phenomenon that the citizens of the Slovak Republic have been encountering since the beginning of the process of economic transformation, i.e. since the end of 1989. The rate of unemployment varies by region, social group and economic cycle. With economic growth, creation of new jobs and measures adopted by the state the possibilities of becoming employed broaden, the number of employed persons rises, and the rate of unemployment falls. The role of the state, via active and flexible state policie...

The labor market is the most important element of the economic system, since it represents the aggregate of supply and demand for labor, the balance of which determines the economic growth of the country as a whole and of the particular region, in particular. On the other hand, it is largely correlated with the capital market, the means of production, consumer goods, etc. Thus, it can be said that the labor market is the most important factor in the development of the economy, the effective functioning of which en...

Minimum wage is a tool for regulating the labor market that, over the long term, causes controversy in the areas of both economic theory and practice. The goal of this paper is to present and analyze key theoretical economic approaches to the functioning of the labor market and the tools used to regulate it. These regulatory tools significantly influence the labor market’s allocative efficiency, and we generally consider the institution of minimum wage to be fundamental part of this trend. Therefore, in this paper...

Several groups of the population are threatened by unemployment. These groups include graduates from secondary schools and universities, individuals in the retirement age, persons with disabilities, persons with low level of education and other groups. One large group represents secondary school and university graduates. The aim of this article is to compare and evaluate the amount and causes of unemployment of this population group in Slovakia and in the Czech Republic. Although Slovakia and the Czech Republic in...