May 8,2024
Rates of employment, unemployment and economic activity in Czech Republic- March 2024
The adjusted unemployment was 3.0% in March
The employment rate
The proportion of employed persons in the number of all persons aged 15–64 years reached 74.6% in March 2024. It decreased by 1.2 percentage point (p.p.) compared to that in March 2023. The male employment rate was 80.5%; the female employment rate was 68.4%. The employment rate of persons aged 15–29 years was 41.5%, in the age group of 30–49 years it was 83.0%, and in the age group of 50–64 years it was 81.1%.
“A decrease in the employment rate is not related that much to the unemployment, which only slightly increases; it is mainly connected with decreasing of economic activity during the recent period. This trend can be observed in both sexes,” Dalibor Holý, Director of the Labour Market and Equal Opportunities Statistics Department of the Czech Statistical Office, comments on the results.
The general unemployment rate
The percentage of the unemployed in the labour force, that is in the total number of the employed and the unemployed (that means economically active persons), reached 3.0% in March 2024. It increased by 0.4 percentage point, year-on-year. The male unemployment rate reached 2.4%; the female unemployment rate reached 3.7%.
The economic activity rate
The percentage of the economically active in the total number of persons aged 15–64 years reached 76.9%. It decreased by 0.9 p. p. compared to that in March 2023. The male economic activity rate (82.4%) exceeded the female economic activity rate (71.1%) by 11.4 p. p.
International comparability
All data presented in the News Release are seasonally adjusted. They apply to the age group of 15–64 years. They come from the Labour Force Sample Survey (LFSS) carried out by a network of interviewers of the CZSO in households and are different in terms of methodology from administrative data of the Labour Office of the Czech Republic on registered job applicants (namely the “Share of unemployed persons” indicator).
The LFSS has an internationally comparable methodology, which defines the employed and the unemployed in accordance with recommendations of the International Labour Organization. The CZSO regularly sends data from the LFSS to Eurostat, which prepares monthly press release on unemployment as for Member States of the EU, however, for the age group of 15–74 years. The unemployment rate in that age group (of the aged 15–74 years) was 2.9% in Czechia in March 2024
Source: CZSO
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