The Relationship of Education and Unemployment

Abstract

Unemployment is a key factor of a country's economy. It significantly influences the characteristics of an economy´s operating process. The aim of our research paper is to study and analyze the unemployment rate in two European countries. Concretely, we have decided to examine the Slovak Republic and Czech Republic. The mentioned two countries have formed one state till 1st January 1993, when they started their own separate and individual existence and operation. We analyze the unemployment rate in the mentioned countries between 2014 and 2021. Also, we concentrate on the achieved educational level of the unemployed population. Our goal is to answer the question, whether the unemployment rate among people with a diploma, university degree has shown a rising trend during the studied time period, which means from 2014 to 2021.