Unemployment in Q4 2018 drops to 2.1%

Published: 05.02.2019 Related countries:  U.S.A. U.S.A.

Total employment grew by 63,600 persons year-on-year to 5.33m in the fourth quarter of 2018.

Total employment grew by 63,600 persons year-on-year to 5.33m in the fourth quarter of 2018. The increase was caused mainly by a higher number of employees (by 56,700 to 4.43m). The number of entrepreneurs with employees also increased, namely by 4,700. The number of entrepreneurs without employees remained practically at last year’s level. According to the International Labour Organisation (ILO) methodology, the number of the unemployed dropped 17,700. The average unemployment rate of persons aged between 15 and 64 years was 0.4 pp lower year-on-year at 2.1%, according to figures published by the Czech Statistical Office.

Source: www.cianews.cz

Prepared by the team of foreign office Czech Trade Chicago