Unemployment in the Czech Republic rose to 2.9 percent in December, up from
2.6 percent in November, according to data released by the Czech Labour
Office on Thursday.
Despite the rise, it is the lowest figure for the period of December since 1996. According to the statistics, there are currently 215,500 people seeking employment.
The lowest unemployment rate was in Prague, with 1.9 percent, while the highest number of unemployed, 4.4 percent, was registered in the region of Moravia-Silesia.
Trade unions will demand at 6-7 percent rise in average wages this year,
according to Josef Středula, head of the Czech-Moravian Confederation of
In an interview with iDnes.cz published on Sunday, Středula said that despite an expected slowdown, Czech companies can afford pay hikes. If wages stagnate, he said, the entire Czech economy – half of which is driven by consumption – is at risk.
Czech GDP in real terms has already exceeded 90 percent of the European Union average, yet Czech wages are at around 30 percent of the European average in nominal terms, Středula said.
Pensioners in the Czech Republic will see an increase in their monthly
old-age pensions by 6.7 percent on average, which amounts to around 900
crowns, as of January 2020.
The hike is higher by about 200 crowns than the increase that the pension law would normally allow, based on salary growth and inflation. It is the second hike in succession as the government strives to bring pensions faster to a higher level.
The Social Democrats of the ruling coalition, who hold the Labour and Social Affairs portfolio, say they want pensions to reach 50% of the average wage by the end of the government’s term in 2021.
In his traditional Christmas message to the nation, President Miloš Zeman began as usual on a positive note – highlighting the country’s economic successes – before turning to what he views as problematic areas. In a 16-minute televised address otherwise void of religious symbolism, Zeman also branded himself a “climate heretic” and urged Czechs to think for themselves rather than follow “false prophets”.
Despite an anticipated slowdown in Czech economic growth, a record 59
percent of companies plan to pay employees a so-called 13th salary bonus
this year, according to a survey by the Czech Chamber of Commerce (HKČR).
About three-quarters of big companies – those with more than 250 employees – plan to pay a 13th salary at the turn of the year, the survey shows. Almost every second (47 percent) small company – with up to 10 employees – will pay out such a bonus this year.
By comparison, in 2017 fewer than on in three big companies and one in five small ones paid out a 13th salary or “Christmas bonus”. The HKČR estimates this year’s bonuses on average will exceed 34,000 crowns, with the majority ranging from 18,000 to 38,000 crowns.
Unemployment in the Czech Republic remained at 2.6 percent in November, the
same as the previous month, the Czech Labour Office announced on Monday.
The number of jobless increased by 771 to 197,289, which is the lowest figure for the month since 1996, while the number of vacancies increased to 339,000. Last November, unemployment stood at 2.8 percent.
The lowest rate of unemployment, 1.8 percent, is in the Pardubice region, which is followed by Prague with 1.9 percent.
The salaries of senior officials will increase next year by about one
tenth, the Czech News Agency reported on Sunday. According to the data
released by the Ministry of Labour and Social Affairs, the average gross
monthly salaries on MEPs and Senators will increase by 8,400 crowns to CZK
The president’s wage will increase next year to CZK 302,700, while the ministers will earn CZK 173,200 a month, just like the heads of both houses of parliament. The average gross monthly salary in the Czech Republic reached CZK 33, 697 in the third quarter of 2019.
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