Czech Republic Reports Lowest Unemployment in More than 21 Years

The unemployment rate in the Czech Republic fell to its lowest level in more than 21 years this October. Photo: Bruce Mars // Pexels.

The fall in the unemployment rate in the Czech Republic since the beginning of this year continues. Last month, unemployment fell slightly to 2.8%.

Previous figures from the Czech Labour Office reported an unemployment rate of 3% for September and 3.1% for August.

The average gross wage in the Czech Republic was 31.851 CZK (2nd quarter of 2018), according to data from the Czech Statistical Office. Wages in the Czech Republic have shown an 8.6% year-on-year rise.

Chart: Unemployment in 2012-2017. // Source: Czech Statistical Office.

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