Unemployment in Czech Republic

Czech Republic Unemployment | Economic News & Forecasts

Czech Republic - Unemployment

Available data signals that economic activity moderately lost pace in Q1. Despite industrial output rebounding in February, the crucial car production sector remained weak amid challenging external conditions, particularly in Germany. Moreover, both business confidence and the manufacturing PMI dipped in March, bringing their quarterly average below that of Q4 2018 and signaling softer dynamics in the private sector. On the demand side, although retail sales fared relatively well in January–February, declining consumer confidence and rising inflation throughout the quarter likely restrained household consumption somewhat. Turning to Q2, the PMI continued on its downward spiral and hit an over six-year low in April, boding ill for manufacturing activity. Meanwhile, in mid-April the police recommended the indictment of Prime Minister Andrej Babis over the long-running allegation of EU subsidy fraud. State prosecutors would have to decide on whether to press charges, raising political uncertainty ahead.

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

ValueChangeDate
Bond Yield1.85-1.85 %May 13
Exchange Rate22.92-0.66 %May 13
Stock Market1,044-0.10 %May 13

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