Unemployment in the Czech Republic lowest in the EU, despite slight increase

Published: 08.07.2020 Related countries:  Czech Republic Czech Republic, Belgium Belgium

May 2020 unemployment rate shows a slight month-to-month increase.

According to the latest Eurostat data for May 2020, the unemployment reached 7.4% in the euro area and 6.7 % in the whole EU. The unemployment rate increased by 0.1% compared to April 2020 both in the euro area and EU27. Despite a slight increase, the Czech Republic still recorded the lowest unemployment rate among all the EU member states, with 2.4% - an increase by 0.2% compared to April results. Overall, there were almost 14.4 million men and women unemployed in the EU, an increase by more than quarter of a million persons compared to April results. The youth unemployment remains at two-digit levels, as there were more than 2.8 million persons under 25 years of age unemployed in the EU in May. The youth unemployment rate reached 16.0% in the euro area and 15.7% in the EU27 – an increase by 0.3% in both areas compared to April. 

Source: Eurostat

Prepared by the team of foreign office CzechTrade Brussels