Czech Republic Unemployment Rate - Forecast

Unemployment Rate in Czech Republic is expected to be 2.60 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.


Czech Republic Unemployment Rate
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Czech Republic Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.9 2.6 2.4 2.4 2.5 2.6
Unemployed Persons 229632 236357 225138 229276 225615 226433
Long Term Unemployment Rate 0.8 0.69 0.58 0.64 0.54 0.5
Youth Unemployment Rate 7.6 8.22 8.46 8.5 8.56 8.59
Labour Costs 120 118 121 125 125 131
Job Vacancies 283243 285922 284645 283728 283351 283203
Wages 30265 32000 33500 32000 31490 38000
Wages in Manufacturing 29920 30500 31500 32000 31306 34500
Minimum Wages 478 478 478 510 519 550
Population 10.61 10.61 10.61 10.64 10.64 10.66
Retirement Age Women 62.67 62.67 62.67 63.17 63 63.67
Retirement Age Men 63.33 63.33 63.33 63.5 63 63.67
Labor Force Participation Rate 60.3 60.73 60.61 60.49 60.61 60.7
Living Wage Family 17900 18300 18300 18039 18101 18800
Living Wage Individual 12600 11973 11839 12009 12179 12456
Part Time Employment 320 321 324 322 324 325
Productivity 103 110 110 110 110 110
Wages High Skilled 34400 35400 35400 35400 32307 37000
Wage Growth 6.6 5.1 4.8 4.5 4 2.5
Wages Low Skilled 15200 15600 15600 15600 14267 16200
Employed Persons 5258 5318 5319 5318 5337 5401
Employment Change 0.5 0.51 0.25 0.47 0.42 0.4
Employment Rate 74.2 75.22 75.3 75.25 75.66 76.86
Full Time Employment 4794 4840 4837 4825 4837 4856