The unemployment rate in the Czech Republic increased to 2.9 percent in December of 2019 from 2.6 percent in the previous month, an in line in market expectations. It was the highest jobless rate since last March as the number of unemployed rose to 216 thousand from 197 thousand a month earlier. Unemployment Rate in Czech Republic averaged 5.39 percent from 1990 until 2019, 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.

Unemployment Rate in Czech Republic is expected to be 3.20 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 3.40 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.


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Czech Republic Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.60 9.69 0.09 1990 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 07:00 AM Sep 2.7% 2.7% 2.7% 2.7%
2019-11-08 08:00 AM Oct 2.6% 2.7% 2.6% 2.8%
2019-12-09 08:00 AM Nov 2.6% 2.6% 2.6% 2.6%
2020-01-09 08:00 AM Dec 2.9% 2.6% 2.9% 2.7%
2020-02-10 08:00 AM Jan 2.9% 2.9%


News Stream
2019-12-09
Czech Jobless Rate Steady at 2.6% in November
The unemployment rate in the Czech Republic was at 2.6 percent in November 2019, unchanged from the previous month, matching market forecasts and remaining at its lowest since June. The number of unemployed rose by 771 from a month earlier to 197,289. A year earlier, the jobless rate was higher at 2.8 percent.

2019-11-08
Czech Jobless Rate at 4-Month Low of 2.6%
The unemployment rate in the Czech Republic dropped to 2.6 percent in October 2019 from 2.7 percent in the previous month and matching market expectations. It was the lowest jobless rate since June, as the number of unemployed declined by 5,389 from a month earlier to 196,518. A year earlier, the jobless rate was higher at 2.8 percent.

2019-10-08
Czech Jobless Rate Unchanged in September
The unemployment rate in the Czech Republic came in at 2.7 percent in September of 2019, the same as in the previous month and in line with market expectations. The number of unemployed decreased by 2,882 from a month earlier to 201,907.

2019-09-09
Czech Jobless Rate Unchanged at 2.7% in August
The unemployment rate in the Czech Republic came in at 2.7 percent in August of 2019, the same as in the previous month and in line with market expectations. The number of unemployed decreased by 331 from a month earlier to 204,789.

2019-08-08
Czech Jobless Rate Remains Close to 23-Year Low
The unemployment rate in the Czech Republic edged up to 2.7 percent in July 2019 from the previous month's 23-year low of 2.6 percent and in line with market expectations. The number of unemployed increased by 9,397 from a month earlier to 205,120.

2019-07-09
Czech Jobless Rate Lowest since 1996
The unemployment rate in the Czech Republic stood at 2.6 percent in June 2019, unchanged from the previous month and in line with market expectations. It stood the lowest jobless rate since June 1996, as the number of unemployed declined by 4,952 from a month earlier to 195,723.


Czech Republic Unemployment Rate
In Czech Republic, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 2.60 9.69 0.09 percent [+]
Unemployed Persons 215532.00 197289.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 5.20 5.50 21.80 4.40 percent [+]
Labour Costs 114.36 117.45 120.96 56.23 points [+]
Job Vacancies 340957.00 338670.00 350564.00 30803.00 [+]
Wages 33697.00 34105.00 34105.00 6001.00 CZK/Month [+]
Wages in Manufacturing 32917.00 34364.00 34364.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 518.97 518.97 92.35 EUR/Month [+]
Population 10.61 10.59 10.61 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 [+]
Living Wage Family 20500.00 20900.00 20900.00 17700.00 CZK/Month [+]
Living Wage Individual 15500.00 15700.00 15700.00 12600.00 CZK/Month [+]
Part Time Employment 319.50 325.70 332.80 190.80 Thousand [+]
Productivity 122.70 110.60 123.50 62.40 points [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 4.00 4.30 7.40 -3.10 percent [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Employed Persons 5307.76 5295.93 5326.33 4675.90 Thousand [+]
Employment Change -0.20 0.00 1.60 -1.30 percent [+]
Employment Rate 75.20 75.00 75.40 63.70 percent [+]
Full Time Employment 4833.90 4815.70 4848.70 4306.10 Thousand [+]