Office of Labour: Czech unemployment rises slightly to 3.6%

Unemployment in Czechia rose by a 10th of a percentage point to 3.6 percent in August compared to the previous month, according to data released by the national Office of Labour on Friday.

While the number of people out of work rose to over 260,000, there were fewer jobs available; some 281,000 positions were on offer at the end of August, around 4,400 fewer than a month earlier.

Experts say the month-on-month rise in unemployment was solely caused by seasonal factors and that the economic stagnation the country is facing is not affecting the labour market. Analysts do not expect unemployment to surpass four per cent by the end of 2023.