Czech unemployment inched up to 4% in January

Czech unemployment inched up to 4% in January

It is also the highest unemployment level since 2017, apart from the Covid-19 pandemic-stricken year of 2021, but still enough to be the second lowest unemployment level in the EU. / bne IntelliNews

By bne IntelliNews February 8, 2024

Unemployment in Czechia climbed to 4% in January, which is an increase of 0.3 percentage points month on month and 0.1 points year on year.

It is also the highest unemployment level since 2017, apart from the Covid-19 pandemic-stricken year of 2021, but still enough to be the second lowest unemployment level in the EU, the Czech labour office reported.

In January 2022, the unemployment level was 3.6%.

“New year always involves a change of work with an array of people, which is confirmed by the January slight increase in the number of unemployed,” commented Minister of Labour of Social Affairs Marian Jurecka in reference to seasonal changes on the labour market, particularly in construction.

The general director of the labour office, Daniel Kristof, pointed out that “for the second month in a row, we register more job applicants than an overall number of vacancies,” adding that “the last time we experienced such a negative balance for two months was at the beginning of 2018”.

Overall, there were 295,546 job applicants registered with the labour office. Ukrainians under the temporary protection scheme represented 4.6% of the job applicants. By the end of January, 117,204 Ukrainians under the scheme worked in Czechia.

#CZECHIA #macro #unemployment

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