Czech Republic’s figure is one of the lowest in the entire European Union

Unemployment in Czech Republic lowest in six years

by Czech College / Wednesday, 10 June 2015 / Published in Living in Czech Republic

Czech Republic’s unemployment figure is one of the lowest in the entire European Union.The number of people out of work in the Czech Republic is lower than at any point in the last six years, according to figures released on Monday by the country’s Office of Labour. In May 465,689 people were jobless, the fewest since June 2009.

Unemployment last month was at 6.4 percent, down from 6.7 percent in April and 1.1 percent lower than in May last year. The number of unemployed dropped below 500,000 to 491,585, and employers were offering 83,692 jobs, the highest number since December 2008, the Employment Office announced this month.

Analysts say they believe that thanks to the economic development, unemployment could drop all the way to 6 percent by the end of the year.

The situation on the labour market has been primarily influenced by the growing Czech economy and availability of seasonal work in construction, agriculture, services, tourism and several other sectors, according to the Office of Labour’s Kateřina Sadílková.

In May a relatively high number of jobs were going in manufacturing and a slew of other mainly blue collar fields from stove-fitting to tool-making.

Czech companies’ increasing economic potential has been leading to demand for labour across the board, Jan Karmazín of the Office of Labour told the Czech News Agency.

The number of positions offered in May was 92,701, according to the Office of Labour. This is the highest figure recorded since December 2008, a few months after the global financial crisis entered an acute phase.

The Employment Office expects unemployment to be falling further because employers will be hiring staff in the coming months.