The Czech Republic still proves to be the country with the lowest unemployment rate in the EU
According to the European statistical office Eurostat, the seasonally adjusted unemployment rate in the European Union was 6.2 % in April, remaining at the same level as in March. The Czech Republic still holds the lowest unemployment rate, although it increased by a tenth of a percentage point to 2.4 %. In the EU, no other country has an unemployment rate below 3 %; even in the euro area, the unemployment rate remained unchanged at 6.8 %. The highest recorded unemployment rate remains in Spain, where it fell to 13.3 per cent compared to March, followed by Greece, where it rose to 12.7 per cent.
Eurostat’s calculations are based on the standard definition of unemployment of the ILO, the International Labour Organisation; among the unemployed, it calculates all those who have actively looked for work in the last four weeks and who can therefore start working in the next two weeks. In the case of the Czech Republic, Eurostat uses data from the Czech Statistical Office (ČSÚ), which differ from the data of the Labour Office of the Czech Republic (ÚP ČR). According to the latter, the unemployment rate in the Czech Republic fell by a tenth of a percentage point to 3.3 % in April. The ČSÚ bases its unemployment rate on a sample survey of the labour force, while the Labour Office bases it on the number of registered jobseekers.
Last April, the labour market situation was much more favourable than a year ago: in April 2021, the unemployment rate was 7.5 per cent in the EU and 8.2 per cent in the euro countries. During that time, the economy was in crisis and struggling with the impact of the Covid-19 pandemic-related closures. Eurostat estimates that in April 2021, 13.26 million people were unemployed across the EU, of which 11.18 million were in the euro area. Compared to April last year, the number of unemployed in the EU decreased by 2.54 million and by 2.18 million in the euro area. As for youth unemployment among the under-25s, it also continued to decrease, both compared to March this year and on a year-on-year basis; in April it was 2.60 million in the EU as a whole and 2.12 million in the euro area. The youth unemployment rate in the EU and the euro area thus stood at 13.9 %.
Source: https://www.novinky.cz/
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