Long Term Unemployment Rate in Czech Republic remained unchanged at 0.50 percent in the second quarter of 2020 from 0.50 percent in the first quarter of 2020.

Long Term Unemployment Rate in Czech Republic averaged 2.74 percent from 1998 until 2020, reaching an all time high of 4.50 percent in the first quarter of 2005 and a record low of 0.50 percent in the first quarter of 2020. This page provides - Czech Republic Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Czech Republic is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Czech Republic to stand at 0.60 in 12 months time. In the long-term, the Czech Republic Long Term Unemployment Rate is projected to trend around 0.60 percent in 2021 and -0.70 percent in 2022, according to our econometric models.

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Czech Republic Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 4.50 0.50 1998 - 2020 percent Quarterly

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 [+]


Czech Republic Long Term Unemployment Rate
In Czech Republic, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.