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15 December 2022

Unemployment rate remains stable, according to Randstad

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In November, the total number of job seekers increased by 1,395 to 257,187 and the unemployment rate remained at 3.5%. That is 11,638 more when compared to the same period of 2021. The unemployment rate remained 3.0% for men, and it equalled 4.0% for women.

A month-on-month increase in the unemployment rate was recorded in 48 districts, with the highest increases in the districts of Jeseník (by 9.7%), Klatovy (by 9.6%), Jindřichův Hradec (by 8.4%), Český Krumlov (by 7.9%), Znojmo (by 7.1%), Břeclav (by 5.8%), Svitavy (by 5.1%) and Prachatice (by 4.6%).

“The unemployment rate remains stable just as it did last month. Due to the energy crisis, many companies stopped recruiting and they are awaiting the outcomes of the economic situation in the first quarter. On the other hand, seasonal work is in full swing and the demand for seasonal workers in many fields, especially in retail, e-commerce and logistics, is thus on the rise. That being said, it should be noted that the unemployment rates differ significantly if we compare white and blue collars. While the demand for manual workers is very high and the unemployment rate is extremely low in this sector, the number of unemployed white collars, e.g. office workers, managers and lawyers, is increasing and the unemployment rate is thus growing here,” says Martin Jánský, CEO of Randstad Czech Republic.

As of 30 November 2022, the Czech Labour Office registered a total of 291,970 vacancies. That is 5,390 fewer than in the previous month and 52,870 fewer than in November 2021. On average, there were 0.9 job seekers per vacancy, with the highest numbers reported in the districts of Karviná (10.2), Bruntál (4.6), Most (4.1), Ústí nad Labem (4.0), Opava (3.4), Jeseník (3.3), Děčín (3.3) and Sokolov (2.9).

According to the latest available data, the seasonally unadjusted unemployment rate, processed by EUROSTAT for the purposes of international comparison, reached only 2.1% in the Czech Republic in November, as compared to 6.0% in the EU27. The seasonally adjusted unemployment rate in the Czech Republic was 2.1%, compared to 6.0% in the EU27.

In the 3rd quarter of 2022, the average gross monthly nominal salary*) (hereinafter “average salary”) reached CZK 39,858, which is CZK 2,295 (6.1%) more than in the same period in 2021. Consumer prices increased by 17.6% during that period, and the real salary consequently decreased by 9.8%. The amount of salaries increased by 7.2%, and the number of employees grew by 1.0%. Compared to the previous quarter, the seasonally adjusted average salary grew by 1.8% during the 3rd quarter of 2022.

Compared to the same period of the previous year, the median salary (CZK 34,993) increased by 6.5%, equalling CZK 37,530 for men and CZK 32,171 for women. Eighty percent of employees received salaries between CZK 18,301 and CZK 62,659.

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