Unemployment and prices rise, industrial recovery strengthens

A wave of statistics released Thursday represented mixed economic news for Czechs. November’s unemployment rose to 8.2% from October’s 7.7% with the jobless total now hovering just under 600,000. Using previous methods of calculation, the latest figures could represent the high ever jobless figure in recent Czech history at 10.3%. Higher food prices helped push up inflation to 1.4% in December from November’s 1.1%. On the brighter side, industrial production surged ahead with a 6.2% spurt in November. That is almost twice the rise of the previous month.

Author: Chris Johnstone