Unemployment in Czech Republic

Czech Republic Unemployment | Economic News & Forecasts

Czech Republic - Unemployment

A preliminary estimate revealed that the economy rebounded in Q3, following an unprecedented contraction in Q2 as the country felt the full brunt of lockdown measures. Although a detailed breakdown for Q3 is yet to be released, improving retail sales and consumer confidence hint at recovering household spending, while rebounding industrial production and business sentiment indicate stronger private sector activity. Moving to Q4, the picture is turning gloomier. Due to a sharp rise in new Covid-19 cases, the government declared a state of emergency and renewed strict containment measures in early October. The worsening health situation risks derailing the incipient recovery, as suggested by flagging business and consumer confidence in October. That said, the administration recently extended part of its short-term work scheme, and approved a relief plan for the hardest-hit businesses.

Czech Republic - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.1  4.0  2.9  2.2  2.0  

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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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