Job market outlook negative until the new year

10-09-2012

The level of unemployment has not changed in August from July’s 8.3 percent in the whole of the Czech Republic, although there are approximately 1,000 more people looking for work. The number of new positions increased by 3.6 percent. In Prague, the level of unemployment went up in August by a tenth of a percentage point to 4.4 percent. In some regions, unemployment is above 10 percent. Analysts expect the situation on the job market to get worse starting in September, in part due to the large number of fresh college graduates that will enter the market. Given the current economic recession in the Czech Republic, employers are cautious about hiring a lot of new workers. A Pricewaterhouse Coopers analyst has said that unemployment figures may improve in the new year.