Unemployment in Czech Republic

Czech Republic Unemployment | Economic News & Forecasts

Czech Republic - Unemployment

Recently-released national accounts data revealed the economy ended last year on a solid note, with annual growth in Q4 accelerating from the modest showing in Q3 and landing well above market expectations. Notably, quarterly growth picked up to a one-and-half-year high. Soaring fixed investment, particularly in construction and machinery equipment, and healthy private consumption—buttressed by an overheated labor market, brisk wage growth and elevated consumer confidence—drove the fourth-quarter expansion. Meanwhile, the external sector dragged only marginally on overall growth, with exports holding surprisingly strong despite the recent slowdown in the Eurozone. Looking ahead, available data hints at softening activity at the start of this year: The manufacturing PMI slid yet again in February amid falling output and new orders, remaining in contractionary territory for the third month running.

Czech Republic - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.0  6.1  5.1  4.0  2.9  

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Czech Republic Unemployment Chart

CzechRepublic Unemployment
Note: Unemployment in % of active population.
Source: Czech Statistical Office.

Czech Republic Facts

Bond Yield1.88-1.85 %Mar 11
Exchange Rate22.82-0.66 %Mar 11
Stock Market1,060-0.10 %Mar 11

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