3Q unemployment rate marks year-on-year record

The unemployment rate in the Czech Republic rose in the third quarter of 2009 to 7.4%, the Czech Statistical Office has reported. The increase of 3.1% compared with the same period last year marks the largest year-on-year jump in joblessness on record since 1993. Analysis suggests that while the Czech Republic has the sixth lowest unemployment rate in the European Union, it is also among the 10 countries with the strongest growth in unemployment over the course of the last year due to the continuing global economic crisis. The highest rate of unemployment is among individuals with only basic education, 25.5% of whom are without work, while the rate among college graduates is nearly 3%.