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Czech unemployment drops to record low

14.02.2017  11:09

News website novinky.cz reports that in the last quarter of 2016, the Czech unemployment rate dropped to 3.6%, which is the lowest level in the Czech history. The number of employed people is at its maximum, which is 72.9%. The overall number of the unemployed decreased annually by 44.4 thousand people to 192.5 thousand. The information stems from the data of the Czech Statistical Office. The website also brings figures of Eurostat, which show that the Czech unemployment is the lowest in the EU. The website quotes ČSOB economist Petr Dufek, who suggests that the low unemployment and the lack of workers pile pressure on the growth of wages. With the most demanded occupations, wages grow by more than 10%.