May 10, 2023

Czech Jobless Rate Falls to 3.6% as Expected

Prague Morning

The Czech Republic’s unemployment rate dropped slightly in April, in line with expectations, figures from the labor office showed Wednesday.

The unemployment rate was 3.6 percent in April, down from 3.7 percent in March.

In the same month last year, the jobless rate was 3.3 percent.

There were 261,700 unemployed people in April, compared to 273,500 a month ago.

The labor office reported that by the end of April, job offices had registered a total of 284,530 vacancies.

According to the latest Eurostat data, the Czech Republic still has the lowest unemployment rate in the entire European Union.

Youth unemployment

In March 2023, 2.763 million young persons (under 25) were unemployed in the EU, of whom 2.264 million were in the euro area.

In March 2023, the youth unemployment rate was 14.3% both in the EU and in the euro area, down from respectively 14.5% and 14.4% in the previous month. Compared with February 2023, youth unemployment decreased by 33 thousand in the EU and by 14 thousand in the euro area.

Compared with March 2022, youth unemployment increased by 105 thousand in the EU and by 91 thousand in the euro area.

Unemployment by sex

In March 2023, the unemployment rate for women was 6.3% in the EU, down from 6.4% in February 2023. The unemployment rate for men was 5.6% in March 2023, down from 5.7% in the previous month. In the euro area, the unemployment rate for women was 7.0%, down from 7.1% in February 2023.

The unemployment rate for men was 6.1%, stable compared with the previous month.