Jobless rate hits record high

10-02-2014

The jobless rate in the Czech Republic hit an all-time high in January, when it increased to 8.6 percent from 8.2 percent in December 2013, the Employment Office said Monday. The number of unemployed reached 629,274 at the end of January, which is 32,441 more than at the end of 2013. Despite the mild winter, unemployment was affected by the suspension of seasonal work in construction, agriculture and forestry. A moderate decrease in unemployment can be expected in the second half of this year, when economic revival should influence the labour market.