Czech Republic Long Term Unemployment Rate  Forecast


Long Term Unemployment Rate in Czech Republic is expected to be 1.38 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Czech Republic to stand at 1.70 in 12 months time. In the long-term, the Czech Republic Long Term Unemployment Rate is projected to trend around 2.49 percent in 2020, according to our econometric models.


Czech Republic Long Term Unemployment Rate
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Czech Republic Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.8 3.9 3.9 3.9 4 5
Unemployed Persons 284915 277137 284408 282926 284172 291602
Long Term Unemployment Rate 1.3 1.38 1.48 1.59 1.7 2.49
Youth Unemployment Rate 8 8.17 8.33 8.47 8.61 9.65
Labour Costs 109 104 106 108 108 104
Job Vacancies 206081 215014 212345 203618 192100 107410
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 61.5 61.59 61.64 61.68 61.48
Retirement Age Men 63.2 63.07 63.17 63.23 63.28 63.38
Employed Persons 5197 5188 5186 5182 5179 5150
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
Part Time Employment 304 306 305 302 300 277
Wages Low Skilled 13400 13933 13933 13933 13933 13933
Wages High Skilled 34500 33083 32946 32828 32727 32257
Wage Growth 5.3 2.4 2.6 2.7 3.75 2.5
Productivity 110 113 101 110 121 112
Labor Force Participation Rate 59.9 60 59.9 59.91 59.96 59.92
Living Wage Family 17687 17673 17671 17672 17671 17672
Living Wage Individual 15835 15808 15797 15804 15799 15801