The Czech unemployment rate dropped to 3.9 percent in May of 2021 from 4.1 percent in the previous month, slightly below market expectations of 4 percent. It was the lowest jobless rate since November of 2020, amid the relaxation in Covid-19 restrictions. The number of unemployed fell to 285.8 thousand from 297.9 thousand in April, accompanied by an increase in job vacancies to 346.6 thousand from 343.4 thousand in the previous month. source: Ministry of Labour and Social Affairs
Unemployment Rate in Czech Republic averaged 5.32 percent from 1990 until 2021, reaching an all time high of 9.69 percent in January of 2004 and a record low of 0.09 percent in February of 1990. This page provides - Czech Republic Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in Czech Republic is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Czech Republic to stand at 3.90 in 12 months time. In the long-term, the Czech Republic Unemployment Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.