Czech Republic Youth Unemployment Rate - Forecast

Youth Unemployment Rate in Czech Republic is expected to be 4.41 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Czech Republic to stand at 5.08 in 12 months time. In the long-term, the Czech Republic Youth Unemployment Rate is projected to trend around 7.12 percent in 2020, according to our econometric models.


Czech Republic Youth Unemployment Rate
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Czech Republic Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.9 3.9 3.9 4 4.2 5
Unemployed Persons 289228 288604 283009 286441 286740 296035
Long Term Unemployment Rate 0.9 0.84 0.89 0.97 1.07 2.18
Youth Unemployment Rate 4.9 4.41 4.67 4.87 5.08 7.12
Labour Costs 108 109 109 109 107 104
Job Vacancies 230728 245382 254303 253612 247808 149860
Wages 29050 28506 29156 28772 29416 29070
Wages in Manufacturing 28981 28628 29569 28758 29638 29287
Minimum Wages 478 478 478 478 478 550
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 60.6 60.29 60.33 60.5 60.44 60.31
Living Wage Family 17900 18300 18300 18300 18300 18800
Living Wage Individual 12600 12241 12107 11973 11839 12456
Part Time Employment 318 319 318 316 314 285
Productivity 124 101 110 122 113 112
Wages High Skilled 34400 35400 35400 35400 35400 37000
Wage Growth 4.2 2.6 2.7 3.87 2.8 2.5
Wages Low Skilled 15200 15600 15600 15600 15600 16200
Employed Persons 5263 5260 5260 5257 5254 5217
Employment Change 0.8 0.26 0.27 0.33 0.22 0.08
Employment Rate 74.1 74.14 74.15 74.1 74.06 73.45
Full Time Employment 4806 4790 4785 4783 4779 4738