Labor Force Participation Rate in Czech Republic increased to 59.90 percent in the third quarter of 2020 from 59.40 percent in the second quarter of 2020. source: EUROSTAT

Labor Force Participation Rate in Czech Republic averaged 59.48 percent from 1998 until 2020, 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 March of 2021.

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
59.90 59.40 61.00 58.10 1998 - 2020 percent Quarterly
NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.00 9.69 0.09 percent [+]
Unemployed Persons 308859.00 291977.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.50 4.50 0.50 percent [+]
Youth Unemployment Rate 10.30 8.40 21.80 4.80 percent [+]
Labour Costs 120.18 128.23 128.23 56.23 points [+]
Job Vacancies 325425.00 318582.00 351624.00 30803.00 [+]
Wages 35402.00 34271.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 33643.00 32707.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 579.22 546.00 579.22 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 59.90 59.40 61.00 58.10 percent [+]
Wage Growth 1.70 -2.50 7.40 -3.10 percent [+]
Part Time Employment 288.00 286.30 332.80 190.80 Thousand [+]
Productivity 101.40 106.10 107.40 60.80 points [+]
Employed Persons 5217.23 5233.34 5326.33 4675.90 Thousand [+]
Employment Change 0.20 -1.70 1.20 -1.70 percent [+]
Employment Rate 74.40 74.10 75.40 63.70 percent [+]
Full Time Employment 4798.40 4778.10 4848.70 4306.10 Thousand [+]