Unemployment rate rises to 3.1 per cent due to seasonal factors

After steadily dropping for five straight months, the unemployment rate rose slightly in July to 3.1 per cent. However, seasonal factors are behind the increase, including the entry of new high school graduates on the labour market.

According to the Labour Office, the number of unemployed is in fact at its lowest level since 1997 for the month of July.

The number of vacancies now stands at nearly 310,000 and only three regions have more jobseekers than openings: the Ústecký region in northwestern Bohemia and the Moravian-Silesian and South Moravian regions in the east of the country.