General unemployment rate in the Czech Republic at 3.1% in the Q4 2020

Published: 28.02.2021 Related countries:  U.S.A. U.S.A.

General unemployment rate in the Czech Republic at 3.1% in the Q4 2020

Total employment in the Q4 2020 decreased by 87.5 thousand persons, year-on-year (y-o-y) and reached 5 217.2 thousand persons. The number of the unemployed, according to the International Labour Organisation (ILO) methodology, increased by 52.5 thousand persons. Luckily, data for the Q4 2020 show that a prevailing part of persons who have lost their job recently consider economic impacts of their unemployment on the household to be temporary and manageable.

Source: https://www.czso.cz/csu/czso/ari/employment-and-unemployment-as-measured-by-the-lfs-4-quarter-of-2020

Prepared by the team of foreign office CzechTrade New York