January 9, 2023
The employment rate in Czech Republic
The proportion of employed persons in the number of all persons aged 15–64 years reached 75.1% in November 2022. It decreased by 0,2 percentage point (p.p.) compared to that in November 2021. The male employment rate was 81.5%; the female employment rate was 68.5%. The employment rate of persons aged 15–29 years was 39.8%, in the age group of 30–49 years it was 87.6%, and in the age group of 50–64 years it was 81.5%.
“Over the last twenty years, the employment has considerably moved to a higher age. Five years ago, the employment rate for the age group of 15–29 years was 49.6%, i.e. almost by ten percentage points higher than the current 39.8%, whereas for the age group of 50–64 years it was only 72.8%, i.e. by nine percentage points lower compared to the current 81.5%. The older group is more important as for their number, therefore the employment rate is growing in total,” Dalibor Holý, Director of the Labour Market and Equal Opportunities Statistics Department of the Czech Statistical Office, comments on the results.
The general unemployment rate
The percentage of the unemployed in the labour force, that is in the total number of the employed and the unemployed (that means economically active persons), reached 2.7% in November 2022. It increased by 0.6 percentage point, year-on-year. The male unemployment rate reached 2,3%; the female unemployment rate reached 3.2%.
The economic activity rate
The percentage of the economically active in the total number of persons aged 15–64 years reached 77.2%. It increased by 0.2 p. p. compared to that in November 2021. The male economic activity rate (83.4%) exceeded the female economic activity rate by 12.6 p. p.
All data presented in the News Release are seasonally adjusted. They apply to the age group of 15–64 years. They come from the Labour Force Sample Survey (LFSS) carried out by a network of interviewers of the CZSO in households and are different in terms of methodology from administrative data of the Labour Office of the Czech Republic on registered job applicants (namely the “Share of unemployed persons” indicator).
The LFSS has an internationally comparable methodology, which defines the employed and the unemployed in accordance with recommendations of the International Labour Organization. The CZSO regularly sends data from the LFSS to Eurostat, which prepares monthly press release on unemployment as for Member States of the EU, however, for the age group of 15–74 years. The unemployment rate in that age group (of the aged 15–74 years) was 2.7% in the Czech Republic in November 2022.
In compliance with the international methodology for the LFSS, the survey is only carried out in private households; collective accommodation establishments as well as temporary shelters are not covered. Due to those reasons, coming of war refugees from the Ukraine will, for the time being, be reflected only marginally in the trends.
Tables 1 and 2 enclosed contain methodologically consistent time series of basic indicators of the labour market and numbers of the employed and unemployed persons, starting in 1993.
Source: Czech Statistical Office (CZSO)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.