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13 December 2021

Unemployment rate dropped

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Source: Randstad News, December 2021

  • Unemployment rate dropped to 3.3%
  • Unemployment rate increased in 17 districts
  • In the 3rd quarter of 2021, the average salary was CZK 37,499

In November, the total number of job seekers decreased by 6,140 to 245,549 and the unemployment rate dropped to 3.3%. That is 28,977 fewer when compared to the same period of 2020. The fraction of unemployed men and women dropped down to 3.0% and 3.5%, respectively.

A month-on-month increase in unemployment rate was recorded in 17 districts, with the highest increases in the districts of Jeseník (by 13.2%), Jičín (by 7.5%), Český Krumlov (by 6.3%), Prachatice (by 5.4%), Břeclav (by 4.7%), Klatovy (by 4.6%), Jindřichův Hradec (by 3.5%) and Znojmo (by 2.8%).

“Many employers face a great labour shortage in the pre-Christmas season. Companies that increase their production before Christmas, especially those operating in retail, e-commerce and logistics, are most in need of workers. Some employers are trying to address the situation by expanding the options of flexible working arrangements, which can also attract people who can only work in a limited regime, i.e. parents on parental leave or pensioners. However, our surveys have been showing for a long time now that most employees select employers mainly based on the salary and benefits offered. Moreover, with growing costs and the threat of prices increasing further, the importance of a good financial compensation has become even more important, and many employees are now beginning to look for new job opportunities that would allow them to get better pay,” says Jacek Kowalak, General Manager at Randstad Czech Republic.

As of 30 November 2021, the Czech Labour Office registered a total of 344,840 vacancies. That is 7,614 fewer than in the previous month and 26,868 more than in November 2020. On average, there were 0.7 job seekers per vacancy, with the highest numbers reported in the districts of Karviná (9.9), Most (4.6), Ústí nad Labem (4.4), Bruntál (3.9), Sokolov (3.6), Znojmo (3.3), Ostrava-City (2.6) and Děčín (2.5).

According to the latest available data, the seasonally unadjusted unemployment rate, processed by EUROSTAT for the purposes of international comparison, reached only 2.6% in the Czech Republic in, as compared to 6.6% in the EU27. The seasonally adjusted unemployment rate in the Czech Republic was 2.6%, compared to 6.7% in the EU27.

In the 3rd quarter of 2021, the average gross monthly nominal salary*) (hereinafter “average salary”) reached CZK 37,499, which is CZK 2,012 (5.7%) more than in the same period in 2020. Consumer prices increased by 4.1% during that period, and the real salary consequently increased by 1.5%. The amount of salaries increased by 6.8%, the number of employees dropped by 1.0%. Compared to the previous quarter, the seasonally unadjusted average salary grew by 1.5% during the 3rd quarter of 2021.

Compared to the same period of the previous year, the median salary (CZK 32,979) increased by 5.7%, equalling CZK 35,086 for men and CZK 30,433 for women. Eighty percent of employees received salaries between CZK 17,133 and CZK 58,875.

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