Unemployment in Czech Republic

Czech Republic Unemployment | Economic News & Forecasts

Czech Republic - Unemployment

Available hard data suggests growth accelerated in the fourth quarter of 2018, following a subdued third quarter in which economic activity was constrained by tepid consumer spending and a negative performance of the external sector. Industrial production rebounded vigorously and export growth soared in October, boosted by strong car production. In the same month, retail sales bounced back, supported by an extremely tight labor market and rising wages. That said, survey-based indicators for October-December still point to a lukewarm expansion, suggesting the scope of the acceleration could be limited in Q4. In view of a possible future economic slowdown—and of its effects on banks’ balance sheets—in mid-December the Central Bank raised the counter-cyclical capital buffer for banks to 1.75%, which will take effect in January 2020. On the political front, on 20 December the parliament finally passed the 2019 budget, which targets a deficit of 0.7% of GDP and includes hikes in pensions and public sector wages.

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 Yield1.85-1.85 %Jan 14
Exchange Rate22.29-0.66 %Jan 14
Stock Market1,001-0.10 %Jan 14

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