Czech unemployment stays flat at 8.2% in August, misses expectations.

By bne IntelliNews September 9, 2011
The Czech unemployment rate stood at 8.2% in August 2011, unchanged from the previous month, the labour ministry said. Analysts polled by CTK newswire were expecting the rate at up to 8.4%. The unemployment rate for women worsened by 0.1pp to 10%, while for men improved by the same figure to 6.8%. The number of job vacancies increased, for a seventh month in a row, by 1,860 on the month and by 4,191 on the year to 40,758. At the same time, the number of jobseekers registered at the employment offices decreased by 4,049 m/m and by 19,959 y/y to 481,535 people in August. Thus, there were 11.8 jobseekers per vacancy, a slight improvement compared to 12.5 a month ago. The labour ministry expects the number of unemployed in the country to slightly increase in September as university graduates and people returning from seasonal work are to enter the market.
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