Czech Republic: Unemployment Rate Steady at 2% in March
The Czech Republic’s unemployment rate remains at 2%, and has the lowest unemployment rate within the European Union member states. Photo credit: stock picture / Jobspin.
Brno, May 2 (BD) – “In the recent period, trends have been fading away from the Czech labour market; the unemployment rate stagnates around two percent, and, namely in the case of males, it has almost no room where to drop anymore,” says Dalibor Holý, Director of Labour Market and Equal Opportunities Department of the Czech Statistical Office (CZSO).
Holý adds, “in March the employment rate was at 75.5%, yet I can see that the room for further increase in the employment rate is significantly limited.”
The statistics for March 2019 mostly echo the statistics for February 2019, with a few small differences in numbers.
The employment rate of the aged 15–64 years, seasonally adjusted, reached 75.5% in March 2019; whilst in February, the statistics for the same indicators showed the employment rate at 75.6%.
For both February and March 2019, the general unemployment statistics showed that only 2% of the population aged 15–64 are without jobs.
In recent information released by Eurostat, the European Commission’s statistics agency, data for March 2019 showed that Czechia has the lowest unemployment rate at 1.9%, in comparison to other European Union (EU) member states, and states in the Eurozone. In the EU, unemployment was at 6.4% in March 2019 – setting a record for the lowest unemployment rate since the start of the EU monthly unemployment series in January 2000.
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