Czech Republic Labour Costs  Forecast


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Labour Costs in Czech Republic is expected to be 104.47 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Czech Republic to stand at 107.63 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 103.83 Index Points in 2020, according to our econometric models.


Czech Republic Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.6 3.9 3.9 3.9 4 5
Unemployed Persons 271173 264672 275429 273958 274798 283091
Long Term Unemployment Rate 1.3 1.38 1.48 1.59 1.7 2.49
Youth Unemployment Rate 7.5 7.31 7.47 7.64 7.8 9.02
Labour Costs 109 104 106 108 108 104
Job Vacancies 209866 212878 209032 199620 187731 104316
Wages 29346 29064 27861 29140 27892 28756
Wages in Manufacturing 29929 29357 27989 29420 28201 29075
Minimum Wages 407 368 418 426 427 400
Population 10.57 10.6 10.62 10.62 10.62 10.65
Retirement Age Women 61.8 62 62 62 62 61
Retirement Age Men 63.2 63 63 63 63 63
Labor Force Participation Rate 59.9 60 59.9 59.91 59.96 59.92
Living Wage Family 17900 18201 18142 18112 18083 18039
Living Wage Individual 12600 12375 12107 11973 11839 11910
Part Time Employment 304 306 305 302 300 277
Productivity 110 113 101 110 121 112
Wage Growth 5.3 2.4 2.6 2.7 3.75 2.5
Wages Low Skilled 15200 14001 14195 14291 14388 14074
Wages High Skilled 34400 31311 31993 32334 32675 31627
Employed Persons 5257 5249 5246 5247 5243 5214
Employment Change 0.4 0.23 0.18 0.18 0.13 0.07
Employment Rate 73.3 73.26 73.22 73.17 73.12 72.66
Full Time Employment 4746 4729 4725 4721 4717 4685