Research (Proinvestory.cz)
Macroeconomics  |  February 12, 2013 10:13:35

What is the real unemployment rate in the Czech Republic?


From 1 January of this year there was a change in the methodology for calculating unemployment. Newly works with the term proportion of unemployed persons, which is the ratio of unemployed job applicants aged 15 to 64 years of total population in the same age.

According to the methodology in force until last year was a fraction, where the numerator was the number of available job applicants and the denominator the total number of employees of the ILO, working foreigners registered at labor offices or with a valid employment permit or license and the number of available job applicants employment (annual moving average).

In December last year, when unemployment MLSA still published using both methodologies, unemployment went under the old methodology of 9.4%, according to the new 7.4%. The January unemployment would place 8.0% was 10.1%.

Here I must point out one more thing - the methodology has changed with the entry into the EU. Then unemployment due to a change in methodology has dropped from 10.2% to 8.6%. By June 2004, the unemployment rate is calculated as the ratio in which the numerator is the number of job applicants (at the end of the period) and in the labor force available (ie employed in LFS + registered applicants).

39px georgia, times, serif; color: rgb (51, 51, 51) text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; orphans: 2, Widows: 2;-webkit-text-size-adjust: auto;-webkit-text-stroke-width: 0px; "> By MLSA is to compare rates of unemployment due to a change in methodology of history impossible. probably not very accurately, but approximate estimation is possible.

If only today used to calculate the unemployment rate methodology in effect until mid-2004, the January unemployment estimated simple approximations  instead of 8% appears to be around 12%. This is a hell of a difference.

If such tricks are also used for the processing of inflation and GDP growth, then no wonder.

Long live "shadowstats".

Tyto zprávy pro vás vytváří server Proinvestory.cz ve spolupráci se serverem SILVERUM .
Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Macroeconomics:

Út 17:12  Benzín už o prázdninách nezdraží, ropa míří dolů Jiří Zendulka (Kurzy.cz)
Út 15:40  Teď není ten správný čas na letní prázdniny! STOX.CZ (Grant Capital)
Út 10:39  Maloobchod v USA zpomalil, ale nezklamal (17.7.2018) Patria (Patria Finance)


Jaká je skutečná míra nezaměstnanosti v České republice?

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688