Unemployment rose in October to 8.5%

The rate of unemployment in the Czech Republic rose in October to 8.5%, according to figures released by the Labour and Social Affairs Ministry on Thursday. There were approximately 3,500 more people without work than in the previous month, and the number of job vacancies decreased by two tenths of a percentage point. The ministry said that the unemployed made up 6.7% of the country’s population. The main problem, according to analysts, is the low job creation rate. The Ústí nad Labem region had the highest unemployment rate in October of 13.2%, while the lowest was, traditionally, in Prague, where unemployment rate has stagnated at 4.4% for the second month in a row.

Author: Masha Volynsky