Czech Republic Unemployment Rate - Forecast

Unemployment Rate in Czech Republic is expected to be 3.90 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 4.20 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.


Czech Republic Unemployment Rate
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Czech Republic Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.8 3.9 3.9 4 4.2 5
Unemployed Persons 280620 307970 296814 300312 301220 306267
Long Term Unemployment Rate 1.1 1.16 1.25 1.36 1.47 2.24
Youth Unemployment Rate 5 4.51 4.77 4.97 5.18 6.62
Labour Costs 108 109 109 109 107 105
Job Vacancies 216629 216860 209830 199218 187195 95126
Wages 29050 28506 29156 28772 29416 29133
Wages in Manufacturing 28981 28628 29569 28758 29638 29373
Minimum Wages 420 440 440 440 440 510
Population 10.57 10.62 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 60 60.01 60.06 60.1 60.06 60.03
Living Wage Family 17900 18171 18142 18112 18083 18039
Living Wage Individual 12600 12241 12107 11973 11839 11910
Part Time Employment 314 317 316 314 311 290
Productivity 124 101 110 122 113 112
Wages High Skilled 34400 31652 31993 32334 32675 31627
Wage Growth 4.2 2.6 2.7 3.87 2.8 2.5
Wages Low Skilled 15200 14098 14195 14291 14388 14074
Employed Persons 5257 5246 5247 5243 5239 5214
Employment Change 0.8 0.26 0.27 0.33 0.22 0.1
Employment Rate 74.1 74.14 74.15 74.1 74.06 73.45
Full Time Employment 4758 4746 4742 4739 4735 4707