Long Term Unemployment Rate in Czech Republic increased to 0.60 percent in the third quarter of 2020 from 0.50 percent in the second quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Czech Republic averaged 2.72 percent from 1998 until 2020, reaching an all time high of 4.50 percent in the first quarter of 2005 and a record low of 0.50 percent in the first quarter of 2020. 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 May of 2021.

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 0.50 4.50 0.50 1998 - 2020 percent Quarterly

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 [+]


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.