Unemployment drops to 6.6 percent in Q3, according to ILO methodology

04-11-2011

Unemployment dropped to 6.6 percent year-on-year in the Czech Republic in the 3Q, leaving 346,000 jobless – almost 30,000 people fewer than the same period last year. In the long-term it is the lowest unemployment the country has seen since the second quarter of 2009, the Czech Statistical Office reported. The office measures the unemployment rate based on the methodology of the International Labour Organisation. By contrast, the Ministry for Labour and Social Affairs uses a different system and ranks unemployment during the same period at around 8.1 percent.