The education - Unemployment relationship in the Slovak Republic: An analysis with special regard to economic education

The contribution is focused on the analysis between education and unemployment in the Slovak Republic. There is a reciprocal proportion between education and unemployment: the lower education, the higher unemployment. It is especially typical of long-term unemployment which is highest at the lowest level of basic education. In Slovakia, young people's unemployment rate in the age range of 15-24 is three times higher in comparison with the OECD countries. The situation necessitates a quick solution. The education level of people and a constant rise of qualifications belong to basic assumptions needed for a decrease of unemployment, an increase in labour market flexibility, and a development of national economy.