Raising the minimum wage tends to have a knock-on effect of higher unemployment. However, repeated increases in the minimum wage in the Czech Republic over the last few years have not that impact, suggests a new study published by the think tank IDEA, which is part of the economics institute CERGE-EI.
Nearly a third of Czech households saw their financial wealth grow last year, a study published by GfK reveals. The market researcher’s director, Tomáš Drtina, told journalists at a press conference that this was the largest wealth increase since the study began to be conducted more than twenty years ago. Households expect their income to continue growing in 2019 as well.
The Czech Republic has the highest number of vacancies in the European
Union, according to Eurostat data.
In the fourth quarter of 2018 the ratio of vacancies to the overall number of jobs in the EU rose from 2.2 to 2.3 percent.
In the Czech Republic it rose by 0.1 percentage point to six percent, the highest figure in the EU. Second in line was Belgium and Germany with 3.4 percent, followed by Austria with 3.1 percent.
On average Czech women only reached the same amount of pay as Czech men
earned in 2018 on March 17, making Sunday Equal Pay Day, according to the
group Business & Professional Women ČR. Female employees in the Czech
Republic earn one-fifth less than male ones and would have to work for over
14 months to make the same amount that men do in 12.
The Czech Republic ranks among the EU states with the widest pay gap between the genders. The difference is greatest among university graduates, Business & Professional Women ČR said, citing official government data.
The unemployment rate fell to 3.2 percent in February, after two straight
months of incremental growth, according to Czech Labour Office. A year ago,
the unemployment rate stood at 3.7 percent.
Some 241,417 people were out of work in February, the lowest number for the month since 1997. The number of advertised vacancies increased to 333,111.
Citing seasonal factors, the head of the Labour Office said unemployment should continue to drop slightly in the coming months, with positions opening especially in the construction, gastronomy, agriculture, forestry and tourism sectors.
The lowest unemployment rate remains in Prague, where 1.9 percent of people were out of work. The highest is in the Moravian-Silesian region, at 4.8 percent.
The average gross monthly salary in Prague stood at 41,851 crowns in the
fourth quarter of 2018, up 6.5 percent year on year, data from the Czech
Statistical Office (ČSU) published on Friday show.
Prague salaries are the highest in the country on average. The lowest are in the Karlovy Vary region, at 29,703 crowns.
Nationwide, the average gross monthly salary stood at 33,840 crowns in the fourth quarter, up 6.9 percent in annual terms.
According to the ČSU, 846,700 people were employed in the Czech capital in the fourth quarter, up 3.2 percent year on year.
The average monthly wage in the Czech Republic grew by 6.9 percent in the
last quarter of 2018, according to figures released by the Czech Statistics
Office on Friday.
The average wage stood at CZK 33,840. In real terms, discounting inflation, the rise was 4.7 percent.
The median wage, a midway between the highest and the lowest levels, in the last quarter rose by 7.1 percent year-on-year to CZK 29,247.
The average monthly wage for the whole of 2018 rose by 8.1 percent to CZK 31,885.
Locomotive drivers in the Czech Republic are overworked and often find
themselves in crisis situations, Jaroslav Vondrovič, President of the
Czech Federation of Locomotive Drivers told journalists on Wednesday. He
says the great amount of overtime work and little rest is a big problem
that leads to locomotive drivers making mistakes.
His comments came as Czech Railways management convened a special meeting Wednesday in the wake of back-to-back train collisions and a steep rise in reported accidents and ‘incidents’. They will likely agree on stricter safety measures and tighter controls.
Currently, there is a shortage of at least 300 locomotive drivers in the Czech Republic. Inexperienced young drivers are often put into situations where they can make errors, railway authorities say.
Beijing ends agreement with Prague – but can spat harm Czech capital?
Czechia now ahead of Spain in GDP per capita, but still below EU average
Czechs observe day of mourning for pop idol Karel Gott
Thousands pay tribute to deceased national pop icon Karel Gott
In memoriam: Karel Gott, the ‘Bohemian nightingale’