Unemployment in the Czech Republic His Risen to 2.8%

Photo by Nick Fewings on Unsplash

The unemployment rate in the Czech Republic has increased by 0.7% since the beginning of this year, which puts it at the overall 2.8%.

These statistics were presented by The Czech Statistical Office (CZSO) and showcase August figures for economic activity, employment, and unemployment among working-age residents in the Czech Republic.

PARTNER CONTENT

The employment rate among the male population (81.3%) was 14.1% higher than that of women, while the employment rates for the age group of 15-29 are below 50%. The highest employment rate was found in the age group of 30 to 49 (87%), while the age group from 50 to 64 is at 76.7%.

However, Czech unemployment is still much lower than the European average, with 7.9% in the 19 euro-zone countries and 7.2% in the EU as a whole, according to Eurostat. In August, 15.6 million people were unemployed in the EU, 13.2 million of them being in the euro-zone. The Czech Republic is far from leading in terms of the recent rise of unemployment, especially when compared to the largest increases, which were recorded in Lithuania (from 6.6% to 9.6%), Latvia (from 6.2% to 8.8%), Bulgaria (from 3.9% to 6.2%), Sweden (from 6.9% to 9.2%) and Spain (14.3% to 16.2%).