While January’s unemployment rates were still the lowest since 1997, the Labour Office reports that the number of people without work has increased to 3.3 percent.
Analysts expected this increase due to seasonal factors. However, the numbers are higher by one decimal point than their projections indicated.
Economists do not expect another major decrease in unemployment like that seen in 2018. Furthermore, the growth in vacancies is also projected to go down this year.
Despite increases in the past two months, unemployment levels in 2019 are expected to continue being very low and to fall below 3.0 percent with the onset of spring. This trend is also expected to put further pressure on employers to increase wages.
Underwater remains of Prague’s first bridge explored by researchers
Why is it so hard to remove a Czech president?
The 1946 US operation that proved a propaganda coup for Czechoslovakia’s Communists
Huawei threatens court case if Czech agency does not withdraw warning
Major renovation planned for Prague’s Masaryk train station