Labor Force Participation Rate in Czech Republic decreased to 60.30 percent in the fourth quarter of 2019 from 60.50 percent in the third quarter of 2019.

Labor Force Participation Rate in Czech Republic averaged 59.47 percent from 1998 until 2019, reaching an all time high of 61 percent in the fourth quarter of 1998 and a record low of 58.10 percent in the first quarter of 2011. This page provides - Czech Republic Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020.

Labor Force Participation Rate in Czech Republic is expected to be 60.67 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Czech Republic to stand at 60.72 in 12 months time. In the long-term, the Czech Republic Labor Force Participation Rate is projected to trend around 60.75 percent in 2021 and 60.76 percent in 2022, according to our econometric models.

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Czech Republic Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
60.30 60.50 61.00 58.10 1998 - 2019 percent Quarterly
NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.80 9.69 0.09 percent [+]
Unemployed Persons 279078.00 278824.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.50 0.60 4.50 0.50 percent [+]
Youth Unemployment Rate 8.90 8.60 21.80 4.90 percent [+]
Labour Costs 128.23 127.78 128.23 56.23 points [+]
Job Vacancies 340823.00 334283.00 351624.00 30803.00 [+]
Wages 34271.00 34077.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 32707.00 33123.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 546.00 574.62 574.62 92.35 EUR/Month [+]
Population 10.68 10.63 10.68 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.30 60.50 61.00 58.10 percent [+]
Wage Growth -2.50 1.40 7.40 -3.10 percent [+]
Part Time Employment 306.30 313.40 332.80 190.80 Thousand [+]
Productivity 106.10 107.40 107.40 60.80 points [+]
Employed Persons 5212.59 5277.42 5326.33 4675.90 Thousand [+]
Employment Change -1.40 0.00 1.60 -1.40 percent [+]
Employment Rate 74.80 75.30 75.40 63.70 percent [+]
Full Time Employment 4819.90 4839.90 4848.70 4306.10 Thousand [+]