Czech Sept unemployment rate rises to 8.4%, touch above forecast.

By bne IntelliNews October 9, 2012
The unemployment rate in the Czech Republic edged up to 8.4% in September 2012 after staying at 8.3% for two straight months, data from the labour ministry showed. The figure was slightly higher than the 8.3% expected by economists in a CTK newswire survey. In September 2011, the jobless rate in the country stood at 8%. Unemployment among women stayed at the August level of 10.2%, while among men it rose to 7.1% in September from 6.9% in August. Job vacancies in September fell by 1,750 on the month to 40,809. On an annual basis, however, they were higher by 1,014. The number of jobseekers registered at the employment offices increased by 6,492 on the month and by 18,070 from a year ago to 493,185 people last month. Thus, there were 12.1 jobseekers per vacancy, compared to 11.4 a month ago. In September 2012, the number of available job seekers, showing how many people registered as unemployed by labour offices are able to start work shortly, stood at 478,548. IntelliNews comment : After staying flat for two consecutive months, the unemployment rate in the country of 10.6mn people started to grow again amid the worsened hiring outlook as the economy is slipping deeper into recession. The uncertainty in Europe, the country's main export market, is also negatively affecting the Czech labour market, which is also suffering from declining real wages.

Czech Sept unemployment rate rises to 8.4%, touch above forecast.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335