Czech average wages rose by 8.6 percent in the first quarter to 30,265
crowns. After taking off the impact of inflation, the real rise comes to
6.6 percent .
The median wage, the most frequently paid which cancels out the impact of very high wages on the average, rose by 8.3 percent to 25,674 crowns according to the Czech Statistical Office.
Czech wages are rising faster than in most neighbouring countries with the average wage breaking the 30,000 crown mark for the first time at the end of 2017.
Good government watchdog Transparency International has warned that moves by the current Czech government to sack top level civil servants and members of the state administration have gone a lot further than originally declared. And it says that further encroachments on what should be a non-political administration are threatened.
The Czech Republic has the lowest jobless rate in the European Union with vacancies now outstripping the registered unemployed. But moves to attract workers from Ukraine are being hampered by red tape. That sparked a lightning visit last week by the Czech labour minister and a raft of reforms are now promised.
After strong growth last year, the Czech Republic’s economy continues to thrive. Indeed, according to freshly released preliminary figures, gross domestic product expanded by 4.5 percent in the first quarter. This was down from the 5.5 percent recorded in the final quarter of last year but is still a notable result. I discussed the new data with economist Jan Bureš of Patria Finance.
Czech unemployment fell to 3.2 percent in April from March’s 3.5 percent,
according to figures released from the national labour office. It said that
seasonal work was now in full swing and the jobless total could increase in
The office added it had almost 243,000 job seekers on its books. That’s the lowest figure since August 1997. In April 2017, the jobless rate was 4.4 percent.
The number of vacancies, at just over 267,000. once again exceeded the jobless total in the country. Most job offers are in Prague, central Bohemia, the Plzeň and Pardubice regions.
State expenditures for wages of public sector employees rose by 15.2
billion crowns last year reaching 166.6 billion crowns, according to a
government report presented to Parliament.
The average wage of public employees reached 30.627 crown a month in 2017, while the average wage in the country is 29.504 crowns a month. The number of public sector employees grew by over nine thousand, the report says.
The biggest grouping of Czech trades unions, the Confederation of Czech and
Moravian Trades Unions, is focusing on higher wages and a shorter working
week at a two day congress in the capital, Prague, beginning Friday.
The unions want to see a cut in the working week by 2.5 hours. They also want to see a 1,500 crown hike in the minimum wage from January next year from the current 12,200 crowns to 13,700 crowns. The unions point out that past increases in the minimum wage have not dented the performance of the Czech economy, as employers had warned.
The two-day meeting should elect a new leadership for the next four years. The only contender to be chairman is the current incumbent, Josef Středula.
Forty-five percent of Czechs see the country’s economic situation in a
positive light according to the outcome of a poll conducted by the CVVM
agency. Six percent of those see it as very positive.
Sixteen percent of respondents said they were not happy with the situation. More than half of Czechs said they were happy with their own living standard.
In recent years the Czech Republic has seen steady economic growth and record-low unemployment.
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