Unemployment falls to below 10 percent

10-11-2003

The Labour and Social Affairs Ministry has said that unemployment has fallen to below 10 percent. A spokesman for the ministry said unemployment had dropped from 10.1 per cent in September to 9.9 per cent in October. The fall was greater than analysts had predicted, with just over half a million people now out of work. Economists said the floods of 2002 had undermined the Czech economy and that economic activity was displaying a comeback.