Labour Costs in Czech Republic increased to 120.66 points in the fourth quarter of 2019 from 114.36 points in the third quarter of 2019.

Labour Costs in Czech Republic averaged 89.63 points from 1994 until 2019, reaching an all time high of 120.96 points in the first quarter of 2019 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 May of 2020.

Labour Costs in Czech Republic is expected to be 121.26 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 124.64 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 128.26 points in 2021 and 131.98 points in 2022, according to our econometric models.

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Czech Republic Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
120.66 114.36 120.96 56.23 1994 - 2019 points Quarterly
2010=100, NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.00 9.69 0.09 percent [+]
Unemployed Persons 254040.00 225678.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 6.20 5.30 21.80 4.80 percent [+]
Labour Costs 120.66 114.36 120.96 56.23 points [+]
Job Vacancies 332478.00 342287.00 351624.00 30803.00 [+]
Wages 36144.00 33697.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 35151.00 32917.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 518.97 518.97 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 [+]
Part Time Employment 313.40 319.50 332.80 190.80 Thousand [+]
Living Wage Family 20500.00 20900.00 20900.00 17700.00 CZK/Month [+]
Living Wage Individual 15500.00 15700.00 15700.00 12600.00 CZK/Month [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 3.60 4.00 7.40 -3.10 percent [+]
Productivity 105.90 104.90 105.90 60.80 points [+]
Employed Persons 5277.42 5304.70 5326.33 4675.90 Thousand [+]
Employment Change -0.30 -0.20 1.60 -1.30 percent [+]
Employment Rate 75.30 75.20 75.40 63.70 percent [+]
Full Time Employment 4839.90 4833.90 4848.70 4306.10 Thousand [+]