Long Term Unemployment Rate in Czech Republic remained unchanged at 0.60 percent in the fourth quarter of 2019 from 0.60 percent in the third quarter of 2019.

Long Term Unemployment Rate in Czech Republic averaged 2.79 percent from 1998 until 2019, reaching an all time high of 4.50 percent in the first quarter of 2005 and a record low of 0.60 percent in the fourth quarter of 2018. This page provides - Czech Republic Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Long Term Unemployment Rate - values, historical data and charts - was last updated on August of 2020.

Long Term Unemployment Rate in Czech Republic is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Czech Republic to stand at 0.60 in 12 months time. In the long-term, the Czech Republic Long Term Unemployment Rate is projected to trend around 0.60 percent in 2021 and -0.70 percent in 2022, according to our econometric models.

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Czech Republic Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 4.50 0.60 1998 - 2019 percent Quarterly

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.70 9.69 0.09 percent [+]
Unemployed Persons 278824.00 269637.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 8.20 7.90 21.80 4.90 percent [+]
Labour Costs 127.78 120.66 127.78 56.23 points [+]
Job Vacancies 334283.00 334904.00 351624.00 30803.00 [+]
Wages 34077.00 36144.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 33123.00 35151.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 518.97 518.97 92.35 EUR/Month [+]
Population 10.68 10.63 10.68 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.30 60.50 61.00 58.10 percent [+]
Wage Growth 1.40 3.60 7.40 -3.10 percent [+]
Part Time Employment 313.40 319.50 332.80 190.80 Thousand [+]
Productivity 107.40 105.90 107.40 60.80 points [+]
Employed Persons 5212.59 5277.42 5326.33 4675.90 Thousand [+]
Employment Change 0.00 -0.30 1.60 -1.30 percent [+]
Employment Rate 74.80 75.30 75.40 63.70 percent [+]
Full Time Employment 4839.90 4833.90 4848.70 4306.10 Thousand [+]


Czech Republic Long Term Unemployment Rate
In Czech Republic, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.