Prague – The Labor Office will publish data on unemployment in February today. In January, the unemployment rate was 3.9 percent, up 0.2 percentage points from December's level. At the same time, in January, for the first time in five years, the number of unemployed people exceeded the number of vacancies. Analysts expect February unemployment to remain at January's level.
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“Two opposing influences will go against each other, with seasonal influences in particular acting in the direction of a better result. February is usually the first month when the unfavorable trend from the turn of the year reverses and, all things being equal, the share of the unemployed would decrease. Against this but the deteriorating conditions in the Czech economy had an effect,” Raiffeisenbank analysts said. According to them, unemployment will remain at 3.9 percent.
In January, 283,059 people applied for jobs through the employment offices. At the same time, employers offered 281,141 vacancies. The highest unemployment in January remained the same as in previous months in the Ústí Region, where it reached 5.8 percent. The lowest unemployment was reported by the Pilsen, Pardubice and Zlín regions, as well as Prague, where it was 3.1 percent.
