Labour Costs in Czech Republic increased to 128.23 points in the second quarter of 2020 from 127.78 points in the first quarter of 2020.

Labour Costs in Czech Republic averaged 90.37 points from 1994 until 2020, reaching an all time high of 128.23 points in the second quarter of 2020 and a record low of 56.23 points in the first quarter of 1996. This page provides - Czech Republic Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Labour Costs - values, historical data and charts - was last updated on October of 2020.

Labour Costs in Czech Republic is expected to be 113.11 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Czech Republic to stand at 129.89 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 121.25 points in 2021 and 124.76 points in 2022, according to our econometric models.

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Czech Republic Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
128.23 127.78 128.23 56.23 1994 - 2020 points Quarterly
2010=100, NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.80 9.69 0.09 percent [+]
Unemployed Persons 277015.00 279078.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.50 0.50 4.50 0.50 percent [+]
Youth Unemployment Rate 8.80 8.90 21.80 4.80 percent [+]
Labour Costs 128.23 127.78 128.23 56.23 points [+]
Job Vacancies 316658.00 340823.00 351624.00 30803.00 [+]
Wages 34271.00 34077.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 32707.00 33123.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 546.00 574.62 574.62 92.35 EUR/Month [+]
Population 10.68 10.63 10.68 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.30 60.50 61.00 58.10 percent [+]
Wage Growth -2.50 1.40 7.40 -3.10 percent [+]
Part Time Employment 286.30 306.30 332.80 190.80 Thousand [+]
Productivity 106.10 107.40 107.40 60.80 points [+]
Employed Persons 5212.59 5277.42 5326.33 4675.90 Thousand [+]
Employment Change -1.40 0.00 1.60 -1.40 percent [+]
Employment Rate 74.10 74.80 75.40 63.70 percent [+]
Full Time Employment 4778.10 4819.90 4848.70 4306.10 Thousand [+]