Analysis and Modeling of Situation of Long – Term Unemployed Jobseekers in Slovak Labor Market

The situation with unemployment is a long-term problem for many years in Slovakia. The jobseeker registered in the Labor office for more than 12 consecutive months is considered to be long-term unemployed. The inability to locate these people in the labor market is a major economic problem in Slovakia. These people have a negative impact on the economy of the state because they did not bring in any capital to the economy. On the contrary, the state has to subsidize them by social benefits. In the paper the influence of the factors to the long-term unemployability in Slovakia using real data about unemployment from Slovak Central Office of Labor, Social Affairs and Family will be identified and analyzed. This identification and analysis will be focused on the personal characteristics of the jobseekers and local economic indicators of their living environment too. The duration of unemployment of long – term jobseekers depending on these factors will be statistically modeled. To optimize the conditions and amount of the regular and one-off grant of active labor market policy the knowledge of the structure of long-term unemployed jobseekers and identification of their characteristics is necessary.