The unemployment rate in the Czech Republic dropped to 3 percent in March 2019 from 3.2 percent in the previous month and compared with 3.5 percent a year earlier, matching market expectations. It is the lowest jobless rate since last November, as the number of unemployed persons decreased by 14.3 thousand from a month earlier to 227.1 thousand. Unemployment Rate in Czech Republic averaged 5.46 percent from 1990 until 2019, 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 3.00 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 3.20 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.