Unemployment in Prague Held at 3 Percent in December

Unemployment in Prague remained at 3 percent in December, the same as in November. Nearly 27,800 people were unemployed in the capital at the end of last year, about 140 more than in November.

The number of vacant positions on offer rose by about 900 month-on-month to 76,000. Unemployment in the capital was 2.8 per cent in December last year, according to the Labour Office.

Across the Czech Republic, unemployment rose to 3.7 percent, having stagnated at 3.5 percent the previous three months.

More than 271,800 people were registered with labor offices in December, 14,600 more than a month earlier. Jobs fell by about 3,300 compared to November, with employers offering over 288,600.

Three regions had lower unemployment than Prague, with the unemployment rate in Pardubice, Zlín and Plzeň regions at 2.9 percent.

South Bohemia region was at three percent, the same as in Prague. On the other hand, the highest unemployment rate was recorded in the Ústí nad Labem Region, where 5.5 percent of people were unemployed.

At the end of last year, the office registered 27,766 people seeking employment in the capital.

Euro zone unemployment rate unchanged in Nov as expected

The euro zone’s unemployment rate was unchanged at a record low in November as expected, with the absolute number of people without jobs falling slightly further, the European Union’s statistics office Eurostat said on Monday.

Eurostat said the unemployment rate in the 20 countries now sharing the euro in November 2022 was 6.5% of the workforce, the same as in October and in line with forecasts by economists polled by Reuters.

In absolute terms, however, the number of people without jobs fell to 10.849 million in November from 10.851 million in October in a sign the labour market was still tightening despite economist forecasts of a technical recession from the last quarter of 2022.

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