Inclusive Labor Markets as a Solution of Long Term Unemployment in Slovakia

Abstract

Unemployment of each country influences its performance and is deeply connected to work productivity, inflation and living standard of population. Inflation and unemployment are phenomena, to which modern economy pays higher attention. The proof of their significance is also the fact that they have become the main areas, to which focuses the economical policy. Longterm and the highest rate of unemployment in Slovakia is concentrated in southern districts of Central and Eastern Slovakia. Concentration of high rate of unemployment in some regions causes that traditional tools for solution of this problem are not effective anymore. To new tools for solution of unemployment problem belongs also the concept of inclusive market as a market, of which objective is to provide work opportunities for persons belonging to the category of long-term unemployed. The aim of this paper is to point to long-term unemployment in Slovakia through inclusive labor markets on the basis of theoretical starting points. In the article there is an analysis of unemployment in Slovakia and its comparison with V4 countries. Methodology towards the goal are the analytical and comparative methods. DOI: 10.5901/mjss.2016.v7n2p194