Unemployment in the Czech Republic stagnated at 2.6 percent this June after
decreasingly slightly over four consecutive months, the Labour Office
announced on Tuesday.
The number of jobseekers in June fell to 195,723, a drop of about 5,000 compared to May, while the number of vacancies rose to 342,510.
The Czech unemployment rate is at its lowest level since May 1997. In Prague, it stands at 1.9 percent.
The Czech Republic’s economic growth is expected to continue at a rate of around 2.5 percent, the International Monetary Fund predicted in a press release on Thursday. Inflation is expected to go down and unemployment levels will rise. The head of the organisation also warned of the large impact that American tolls on European products would have on the Czech economy.
Unemployment in the Czech Republic fell to 2.6 percent in May from 2.7
percent the previous month, according to official figures released on
Monday. Some 200,675 people were out of work in May, the lowest number
recorded since the same month in 1997.
Meanwhile, the number of vacant positions grew to almost 347,000, the Office of Labour said.
Analysts said that unemployment was close to the lowest level it could reach, with the number set to grow slightly in the summer because of new graduates.
Young Czechs remain at the top of the European ladder in the use of soft or party drugs, with marihuana being the most commonly used substance. However it is the illegal production of methamphetamine that remains the most pressing problem in fight against drug abuse, both for the Czech Republic and neighbour states.
Unemployment in the Czech Republic dropped to 2.7 percent in April, down
from 3 percent in March, according to data released by the Czech Labour
It is the lowest unemployment rate registered since 1997. According to the statistics 210,000 people are currently out of work. Technically-skilled manual workers are the most sought after.
The record low figure is ascribed to the healthy state of the Czech economy and the beginning of seasonal work.
Unemployment rates in the Czech Republic have been the lowest Europe-wide for some time now. The latest data on employment levels is set to be released by the Labour Office on Friday, but already now analysts have told the Czech News Agency that they expect unemployment to have sunk in April to 2.8 percent compared to 3 percent in March. The need for workers is also leading to women taking on more “unusual” jobs, Czech Television reports.
Nearly two thirds of Czech employees can feel the negative impacts of the
ongoing labour shortage, according to a survey carried out by the Up ČR
agency. Increased workload and more frequent overtimes are among the most
common downsides of low unemployment. As a result, over 40 percent of Czech
employees are considering changing jobs, suggests the survey.
The unemployment rate in the Czech Republic dropped in March to 3 percent, which is the lowest jobless rate since last November, with the number of unemployed people decreasing to 227,000.
The majority of the methamphetamine seized by the Czech police last year was produced by Vietnamese crime gangs. Indeed, almost 70 percent of the illegal drug impounded last year was Vietnamese- produced. Police say cultural differences and the language barrier make it harder to combat these activities.
Raising the minimum wage tends to have a knock-on effect of higher unemployment. However, repeated increases in the minimum wage in the Czech Republic over the last few years have not that impact, suggests a new study published by the think tank IDEA, which is part of the economics institute CERGE-EI.