Czech Republic Youth Unemployment Rate - Forecast

Youth Unemployment Rate in Czech Republic is expected to be 6.12 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 5.88 in 12 months time. In the long-term, the Czech Republic Youth Unemployment Rate is projected to trend around 5.88 percent in 2020, according to our econometric models.


Forecast Data Chart
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Czech Republic Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3 2.4 2.4 2.5 2.7 2.6
Unemployed Persons 224331 213732 215261 211845 212998 212102
Long Term Unemployment Rate 0.8 0.58 0.64 0.54 0.61 0.5
Youth Unemployment Rate 6.3 6.12 5.92 5.92 5.88 5.88
Labour Costs 116 117 122 120 118 122
Job Vacancies 316132 320791 321042 320762 320565 320420
Wages 31851 33500 32000 31851 30624 38000
Wages in Manufacturing 32355 31500 32000 32353 30885 34500
Minimum Wages 469 469 510 510 510 550
Population 10.61 10.61 10.64 10.64 10.64 10.66
Retirement Age Women 62.67 62.67 63.17 62.67 62.67 63.67
Retirement Age Men 63.33 63.33 63.5 63.33 63.33 63.67
Labor Force Participation Rate 60.3 60.61 60.49 60.61 60.76 60.7
Living Wage Family 17900 18300 18039 18101 18072 18800
Living Wage Individual 12600 11839 12009 12179 12350 12456
Part Time Employment 320 324 322 324 322 325
Productivity 108 109 110 110 110 110
Wages High Skilled 34400 35400 35400 32307 32124 37000
Wage Growth 6.2 4.8 4.5 4 5.36 2.5
Wages Low Skilled 15200 15600 15600 14267 14207 16200
Employed Persons 5289 5325 5326 5349 5369 5419
Employment Change 0.6 0.32 0.55 0.51 0.44 0.47
Employment Rate 74.7 75.3 75.25 75.65 75.98 76.85
Full Time Employment 4794 4837 4825 4837 4854 4856