The employment rate in Czech Republic exceeded 75% for the first time since 2018

Total employment in the Q1 2020 decreased by 28.1 thousand persons, year-on-year (y-o-y) and reached 5.277.4 thousand persons. The number of the unemployed, according to the International Labour Organisation (ILO) methodology, dropped by 3.6 thousand persons, y-o-y.

The general unemployment rate stagnated at 2.0%. The number of the economically inactive aged 15+ years has significantly increased, by 58.7 thousand.

In the Q1 2020, the average number of employed persons increased by 1.1 thousand persons, compared to the Q4 2019.

The number of working persons aged 15+ years decreased by 28.1 thousand persons, y-o-y, i.e. by 0.5%, to 5 277.4 thousand persons.

The number of working males decreased by 4.9 thousand persons and the number of working females decreased by 23.2 thousand persons.

The number of employees decreased by 21.5 thousand to 4 389.9 thousand.

Concurrently, the total number of the self-employed decreased by 6.4 thousand persons due to a drop in the number of the self-employed with employees by 13.7 thousand.

The deepest decrease of the self-employed with employees was in wholesale and retail trade and repair of motor vehicles and motorcycles and at the same time in the age group of 45–54 years.

The employment rate (percentage of working persons in the age group 15–64 years) has been exceeding 75% for the first time in the history of independent Czech Republic since the middle of the year 2018.

In the Q1 2020, the rate decreased by 0.2 percentage point (p. p.) to 74.8% compared to the Q1 2019. The male employment rate decreased by 0.1 p. p. to 81.6% and the female employment rate dropped by 0.3 p. p. to 67.8%.

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