Czech unemployment rate narrows to 6.8% in Q2 2011.

By bne IntelliNews August 8, 2011
The unemployment rate in the Czech Republic according to the International Labour Organisation (ILO) methodology reached 6.8% in Q2 2011, down 0.4pps compared to Q2 2010, Czech statistical office reported. The unemployment rate registered the first decrease below 7% since the second quarter of 2009 although the decline is expected to slow down. According to the labour ministry data released in mid-July, the unemployment rate hit a two-year low of 8.1% in June 2011 compared to 8.5% in June 2010.

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