Unemployment in Czech Republic

Czech Republic Unemployment | Economic News & Forecasts

Czech Republic - Unemployment

Available data is starting to show the scale of the Covid-19 crisis, with a larger blow expected in the second quarter. Output in the industrial sector, which had already been reeling for months, collapsed in March at the sharpest pace since the heights of the 2009 global financial crisis as car manufacturing plants shut down operations, which was also reflected in a severe drop in merchandise exports. On the consumer side, retail sales suffered a historic slump as a result of the lockdown measures during the latter half of March to contain the virus' spread. Turning to Q2, the manufacturing PMI tumbled to an 11-year low in April, while both business and consumer sentiment nosedived—hinting that the worst of the pandemic's impact is yet to come. Meanwhile, the government announced in late April that it will start to gradually open up the economy in May amid positive signs that the virus is under control.

Czech Republic - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate6.1  5.1  3.9  2.9  2.2  

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Czech Republic Unemployment Chart

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

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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