The unemployment rate in the Czech Republic rose marginally to 3.8 percent in July of 2020 from 3.7 percent in the previous month. It was the highest jobless rate since January of 2018, amid the lingering effects of the global pandemic. The number of unemployed increased by 9.2 thousand from a month earlier to 279 thousand. A year ago, the jobless rate was lower at 2.7 percent.
Unemployment Rate in Czech Republic averaged 5.35 percent from 1990 until 2020, reaching an all time high of 9.69 percent in January of 2004 and a record low of 0.09 percent in February of 1990. This page provides - Czech Republic Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Unemployment Rate in Czech Republic is expected to be 4.20 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 5.50 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 4.80 percent in 2021 and 3.50 percent in 2022, according to our econometric models.