In Business News this week: Unemployment has stopped rising, says the Czech labour minister; the combined sales of the 10 biggest retail chains in the Czech Republic fall for the first time; Tax Freedom Day will fall relatively late for Czechs this year; successful job applicants ask for salaries nearly 20 percent lower than they later receive from employers; and food and drinks producers are enjoying healthy sales as Easter approaches.
Unemployment rate no longer increasing, says Czech labour minister
Unemployment in the Czech Republic stopped rising in March, the minister of labour, Petr Šimerka, said this week, referring to preliminary results. Speaking at the opening of a jobs trade fair, he said he expected developments as regards the jobless rate to be better than in 2009. Minister Šimerka said the structure of employment in the Czech Republic was likely to change, with an upswing expected in segments with higher value added. At the end of February unemployment stood at 9.9 percent, with over 580,000 Czechs out of work.
Biggest retailers see fall in combined sales for first time
Tax Freedom Day set to fall later than at any time for decade
Gap between jobseekers’ pay demands and reality reflect post-crisis uncertainty
Job advertisements in the Czech Republic typically don’t state the remuneration applicants can expect, and in interviews Czechs tend to ask for lower salaries than employers later pay them. According to research by recruitment firm Profesia quoted by the news website aktualne.cz, the gap is on average 19 percent. A similar survey two years ago, before the financial crisis hit, found that what successful applicants asked for was 9 percent less than they later received; the fact the gap is twice as wide now could be seen as evidence of increased uncertainty among workers, suggests aktualne.cz.