In October, the adjusted unemployment rate was 2.7 %

Employment rate
The ratio of employed to the total population of 15-64 year olds reached 75.0 % in October. Compared to October 2023, it decreased by 0.2 percentage points. The employment rate for males was 80.7 % and for females 69.1 %. The employment rate for 15-29 year olds was 41.5 %, for 30-49 year olds 84.8 %, for 50-64 year olds 82.9 %.

Unemployment rate
The ratio of the unemployed to the economically active, i.e. the sum of the employed and unemployed, reached 2.7 % in October. It decreased by 0.2 percentage point year-on-year. The unemployment rate for men was 2.5 % and for women 3.0 %.

"The Czech Republic has been holding an unemployment rate of up to three percent since May 2021 and in that time it has become almost commonplace. Ten years ago it was 5.7 %, more than double the current rate, and twenty years ago it was even triple the current rate," comments on the results Dalibor Holý, Director of the Department of Labour Market Statistics and Equal Opportunities of the CZSO.

Economic activity rate
The ratio of the economically active to the population of 15-64 year olds reached 77.1 %. Compared to October 2023, it decreased by 0.3 percentage points. The male economic activity rate (82.7 %) exceeded the female economic activity rate (71.2 %) by 11.6 percentage points.

International comparability
All figures are seasonally adjusted. They refer to the age group 15-64 years. They come from the Labour Force Sample Survey (LFS) carried out by the CSU's own household interview network and are methodologically different from the administrative data of the Labour Office of the Czech Republic on registered jobseekers (specifically the Share of Unemployed Persons indicator).

The LFS has an internationally comparable methodology that defines the employed and unemployed in accordance with the recommendations of the International Labour Organisation. The CSO regularly sends data from this survey to Eurostat, which uses it to produce monthly unemployment surveys for EU Member States, but for the 15-74 age group. The unemployment rate for this age group 15-74 was 2.6 % in October 2024 for the Czech Republic.

In line with the international methodology for the LFS, the survey is only conducted in private households; neither mass accommodation nor temporary shelters are covered.

CSO/ gnews - RoZ