Unemployment drops to 3.7 in June

Unemployment in the Czech Republic fell for the fourth month in succession to 3.7 percent in June, which is two tenths of a percentage point less than in May. The decline is attributed to the revitalization of the economy following the relaxation of measures against the spread of the coronavirus.

According to analysts the unemployment rate will not rise significantly and may continue to decline slightly in the coming months, unless the epidemic situation worsens and measures are tightened.

In the past year unemployment was held in check by the government‘s Antivirus program, through which the state contributed to employees’ wages, preventing massive lay-offs.