Investiční bankovnictví (Komerční banka)
Markets  |  9.4.2013 9:14:00

The number of unemployed in March decreased


The first month of spring has brought the first signs of improvement in the labor market. In line with our and market expectations, the rate of unemployment fell from 8.1% in February to 8.0% in March. The total number of unemployed in March fell by almost 6,000 to less than 588,000. The number of vacancies rose in March by more than 4,000. For a slight improvement in the labor market can be paired the first signs of new jobs seasonal nature. However it must be noted that due to the harsh winter, this positive effect in March this year weaker.
Favorable seasonality but only masks the persistent negative trends on the labor market.In annual terms, the number of unemployed in March increased by more than 63,000 people, the number of vacancies on the contrary, more than one thousand lower. Czech economy is for the whole of last year in recession and this condition persists during the first quarter. In connection with the faltering jobs.
The advent of spring and the related work will mean that in the coming months will go down unemployment. Before the holidays, the share of the unemployed could get even more significantly below 7.5%. However, the second half of the year and especially in the final quarter will zněmění opposite trend. The proportion of unemployed at the end of this year is estimated at 8.3% after 7.4% recorded at the end of last year.Even though the Czech economy this year should get out of the recession, the stronger the creation of new jobs that will not be enough. It will only matter in 2014.

Author: Jan Vejmělek

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