Labour Costs in Czech Republic increased to 129.79 points in the fourth quarter of 2020 from 120.18 points in the third quarter of 2020. source: European Central Bank

Labour Costs in Czech Republic averaged 91.03 points from 1994 until 2020, reaching an all time high of 129.79 points in the fourth quarter of 2020 and a record low of 56.23 points in the first quarter of 1996. This page provides - Czech Republic Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Labour Costs - values, historical data and charts - was last updated on May of 2021.

Labour Costs in Czech Republic is expected to be 129.44 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Czech Republic to stand at 121.98 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 123.81 points in 2022 and 127.40 points in 2023, according to our econometric models.

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Czech Republic Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
129.79 120.18 129.79 56.23 1994 - 2020 points Quarterly
2010=100, NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 4.30 9.69 0.09 percent [+]
Unemployed Persons 306616.00 311463.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.50 4.50 0.50 percent [+]
Youth Unemployment Rate 10.50 9.30 21.80 4.80 percent [+]
Labour Costs 129.79 120.18 129.79 56.23 points [+]
Job Vacancies 338862.00 330735.00 351624.00 30803.00 [+]
Wages 38525.00 35402.00 38525.00 6001.00 CZK/Month [+]
Wages in Manufacturing 36569.00 33643.00 36569.00 11827.00 CZK/Month [+]
Minimum Wages 579.22 546.00 579.22 92.35 EUR/Month [+]
Population 10.70 10.68 10.70 9.59 Million [+]
Retirement Age Women 63.83 63.67 63.83 58.00 [+]
Retirement Age Men 63.83 63.67 63.83 61.00 [+]
Labor Force Participation Rate 59.90 59.90 61.00 58.10 percent [+]
Wage Growth 3.80 1.80 7.40 -3.10 percent [+]
Part Time Employment 280.50 288.00 332.80 190.80 Thousand [+]
Productivity 110.90 101.40 110.90 60.80 points [+]
Employed Persons 5217.23 5233.34 5326.33 4675.90 Thousand [+]
Employment Change -0.50 0.20 1.20 -1.50 percent [+]
Employment Rate 74.30 74.40 75.40 63.70 percent [+]
Full Time Employment 4788.80 4798.40 4848.70 4306.10 Thousand [+]