Nearly two thirds of Czech employees can feel the negative impacts of the
ongoing labour shortage, according to a survey carried out by the Up ČR
agency. Increased workload and more frequent overtimes are among the most
common downsides of low unemployment. As a result, over 40 percent of Czech
employees are considering changing jobs, suggests the survey.
The unemployment rate in the Czech Republic dropped in March to 3 percent, which is the lowest jobless rate since last November, with the number of unemployed people decreasing to 227,000.
The Senate has moved to scrap a law according to which large retail outlets
must remain closed on selected public holidays. The proposal was included
in an amendment to the law which will now go back to the Chamber of
The lower house previously rejected a similar proposal including a proposal for the ban to be extended to all public holidays. The law, which went into force in 2016 bans outlets bigger than 200 square metres from selling goods on eight public holidays of the year, among the October 28, Christmas, Easter Monday and May 8.
It is still vehemently opposed by the Czech Chamber of Commerce and the Association of Trade and Tourism which says it discriminates large sales outlets.
The head of the Czech Business and Trade Association Marta Nováková says large retail stores lose billions of crowns in profits on each public holiday on which they are forced to close their doors.
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.
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