The unemployment rate in Czech Republic fell to 2.8 percent in November of 2018 from 3.5 percent a year earlier and in line with market expectations. It is the lowest unemployment rate for a November month since 1995. The number of unemployed decreased by 50.46 thousand to 215.010 thousand, the fewest since June 1997. Unemployment Rate in Czech Republic averaged 5.49 percent from 1990 until 2018, reaching an all time high of 9.69 percent in January of 2004 and a record low of 0.09 percent in February of 1990.
Unemployment Rate in Czech Republic is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.