Unemployment jumps in January

According to older methodology, unemployment figures reached their highest in January in the history of the independent Czech Republic. Older tabulation methods reveal more than 10 percent of people remained out of work in the first month of 2013. That translates as more than 580,000 people without jobs. Historically, former Czechoslovakia had a higher jobless rate during the 1930s, when some 740,000 people were out of work. Under the new methodology, the rate of unemployment in the Czech Republic rose to eight percent, up by 0.6 percentage points from the previous month. According to analysts, the worsening situation on the job market was expected due to the economic recession and decrease in hiring. At the end of last month there were approximately 33,800 open positions around the country.

Author: Jan Velinger