The Czech unemployment rate is now the lowest ever recorded in the EU

At 1.9% in November 2018, the Czech unemployment rate has dipped below 2% for the first time to hit record European lows

Jason Pirodsky

Written by Jason Pirodsky Published on 10.01.2019 08:18:40 (updated on 10.01.2019) Reading time: 2 minutes

Daily News Work
Newsletters sign-up

Over the past three years, the unemployment rate in the Czech Republic has plunged to historic lows.

Now, it’s breaking EU records.

Advertisement Expats.cz - CV Upload

According to the latest numbers (dated November 2018) published by Eurostat, which compares statistical data from countries across the EU, the Czech unemployment rate plunged to a record-low 1.9% at the end of last year.

The number represents a .2% decrease from the previous month’s data from Eurostat, and the very first time an unemployment rate in Europe has been recorded at under 2%.

Are you on the market for a new job in the Prague? Search 1000s of the latest vacancies at the Expats.cz Job Server

Three years ago, the Czech Republic boasted the lowest unemployment rate in Europe at 4.5%, which was slightly lower than unemployment rates in Germany, Austria, and the United Kingdom, which hovered around 5%.

Unemployment rates across Europe have greatly dipped over the past three years, but the Czech Republic has increased its Europe-leading low by a large margin.

At 3.3%, the unemployment rate in neighboring Germany now comes in second to the Czech Republic according to the latest Eurostat data; the Netherlands, Hungary, Malta, Poland, and Romania also boast unemployment rates under 4%.

EU Unemployment Rates – November 2018
Infogram

FEATURED EMPLOYERS

VIEW ALL+ ADD
BlueLink International CZ Johnson & Johnson AB InBev Expedia Group Accenture Manpower

The EU-wide average unemployment rate is now 6.7% – considerably higher than that of the Czech Republic, but still a large improvement over the end of 2015, when the average Europe-wide unemployment rate was 9.1%.

Due to differences in the way unemployment rates are calculated, the numbers published by Eurostat differ from those put out by local authorities including the Czech Labor Office and the Czech Statistical Office, which we have previously written about.

While those sources recently reported a higher unemployment rate in the Czech Republic, it was still a record low for the country. The Czech Labor Office data may be considered official, but the numbers from Eurostat are insightful for comparing adjusted unemployment rates across Europe.

Looking for a job in Prague? Now couldn’t be a better time.

Browse through thousands of the latest open job vacancies in Prague and the Czech Republic from our trusted partners at Expats.cz Jobs.

#in the news #prague jobs
Would you like us to write about your business? Find out more

Related articles

Advertisement Advertise with Expats.cz

Partner articles

FEATURED JOBS

View all jobs

TRENDING ARTICLES

POPULAR ARTICLES