Labor Force Participation Rate in Czech Republic remained unchanged at 59.90 percent in the fourth quarter of 2020 from 59.90 percent in the third 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 July 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 2022 and 60.76 percent in 2023, according to our econometric models.

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Czech Republic Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
59.90 59.90 61.00 58.10 1998 - 2020 percent Quarterly
NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.90 9.69 0.09 percent [+]
Unemployed Persons 273302.00 285822.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.70 0.70 4.50 0.50 percent [+]
Youth Unemployment Rate 7.10 7.50 21.80 4.80 percent [+]
Labour Costs 131.09 129.79 131.09 56.23 points [+]
Job Vacancies 355612.00 346604.00 355612.00 30803.00 [+]
Wages 35285.00 38525.00 38525.00 6001.00 CZK/Month [+]
Wages in Manufacturing 33833.00 36569.00 36569.00 11827.00 CZK/Month [+]
Minimum Wages 596.36 579.22 596.36 92.35 EUR/Month [+]
Population 10.70 10.68 10.70 9.59 Million [+]
Retirement Age Women 63.83 63.67 63.83 58.00 [+]
Retirement Age Men 63.83 63.67 63.83 61.00 [+]
Part Time Employment 277.10 280.50 332.80 190.80 Thousand [+]
Labor Force Participation Rate 59.90 59.90 61.00 58.10 percent [+]
Wage Growth 1.00 3.80 7.40 -3.10 percent [+]
Productivity 107.30 110.90 110.90 60.80 points [+]
Employed Persons 5195.00 5217.23 5326.33 4675.90 Thousand [+]
Employment Change 0.30 -0.50 1.20 -1.50 percent [+]
Employment Rate 74.30 74.40 75.40 63.70 percent [+]
Full Time Employment 4746.20 4788.80 4848.70 4306.10 Thousand [+]