The Relationship Between Unemployment and the Risk of Poverty in the Slovak Republic

Abstract

Unemployment is a factor that affects the economic security of individuals and society as a whole. The poverty risk rate is one of the main factors related to social inequality and social protection. Unemployment and long-term unemployment can increase the poverty risk rate because individuals have limited or insufficient income and employment opportunities. The relationship between unemployment, long-term unemployment and poverty rates is currently the subject of various research topics. This paper focuses on these interrelationships in Slovakia. The aim is to analyse the data and explore the correlations between these variables. The thesis mainly used statistical data provided by the Slovak Statistical Office and other relevant studies. The methods of analysis, synthesis and correlation were used. These data highlight the relationship between unemployment, long-term unemployment and poverty. The results of the article are intended to provide information for reducing unemployment, limiting long-term unemployment, and reducing the risk of poverty in Slovakia.