Czech Unemployment Falls To 3.6% In August

Unemployment in the Czech Republic fell to 3.6 percent in August from 3.7 percent in July. 

It thus returned to the level of last May, when the number of unemployed people increased due to the limitations of the first wave of the coronavirus epidemic.

A year ago in August, unemployment was two-tenths of a percentage point higher. This follows from data published today by the Labor Office of the Czech Republic.

The number of job seekers decreased by 4,289 to 267,889 in August compared to July, and the number of unemployed was approximately 11,200 less than in August last year.

The expected increase in the number of unemployed did not take place, on the contrary, employers began to hire new employees, said Viktor Najmon, Director General of the Labor Office of the Czech Republic.

He reminded that in September more graduates come to the labor market and that seasonal work is gradually coming to an end. “In the coming months, unemployment may stagnate or rise slightly, which corresponds to the classic development curve. Last but not least, the situation on the labor market will depend on the current pandemic situation,” he added.

The labor market is mainly affected by the demand of employers for manual occupations in the manufacturing industry and construction, said the Labor Office of the Czech Republic.

There is also great interest in seasonal workers in agriculture, horticulture, forestry and fishing. They are also looking for workers in animal and food production and trade.

The highest unemployment among the regions in August was 5.4 percent in the Moravian-Silesian Region, 5.3 percent in the Ústí nad Labem Region and 4.7 percent in the Karlovy Vary Region. These three regions had the highest share of unemployed people in August last year, which corresponds to their long-term economic situation.

On the other hand, the lowest share of unemployed people at 2.3 percent remained in the Pardubice Region. Unemployment fell most significantly compared to last August in the Pilsen and Karlovy Vary regions.

At the end of August, unemployment was lowest in the Pelhřimov, Jindřichův Hradec, Rychnov and Prague-East districts, both at 1.7 percent.

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