Unemployment fell to 3.5 percent in October

Unemployment fell to 3.5 percent in October
Unemployment fell to 3.5 percent in October

On the labor market, companies are mostly looking for employees, especially in the manufacturing and construction industries, and in the long term, qualified craftsmen.

There is still a demand for seasonal work, whether in agriculture, forestry, or in food production and trade. In the coming months, however, with the decline in these positions, the ÚP expects unemployment to rise. This is a classic development curve.

Traditionally, the highest unemployment prevails in the Ústí Region, where its rate reached 5.4 percent in October. On the contrary, four regions showed the lowest unemployment: Zlínský, Vysočina, Jihočeský and Plzeňský (both 2.6%).

There were 0.9 job seekers per job vacancy in the Czech Republic in October. The greatest excess pressure on the labor market was in the Karvinska region, with almost ten applicants for one position. On the other hand, Mladoboleslavsk had the fewest unemployed in relation to the offer of places, namely 0.2 applicants per place.

The number of people registered with employment offices also includes unemployed people who cannot start work immediately. These are, for example, people on retraining courses, unemployed women on maternity leave, prisoners or the unemployed on disability. There were 237,303 so-called available job seekers aged 15 to 64 in the Czech Republic who could start work immediately.

Last October, the unemployment rate in the Czech Republic was the same as this year, i.e. 3.5 percent. At that time, there were 255,792 people without work and 297,360 vacancies.

A fifth of employees can’t make ends meet, which is why they are more often looking for a new job

The article is in Czech

Tags: Unemployment fell percent October


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