Employment rate in CR grows to 15-yr record-high in Q4 2013

published:

updated:
03.02.2014 14:05

Prague - Employment rate in the Czech Republic grew to 68.3 percent in the fourth quarter of 2013, the highest level since 1998, and in a year-on-year comparison it was 1.2 percentage points higher, according to data released by the Czech Statistical Office (CSU) today.

foto

Lidé pracují ve svých kancelářích. Ilustrační foto. ČTK ČTK

A total of 4.958 million people aged between 15 and 64 years had a job in the last quarter of 2013, an annual growth of 41,100 people and 7,900 people more than in the third quarter.

Employment in the Czech Republic has been growing for the third straight year already and statisticians consider the growth as significant.

On the other hand, they say the number of hours worked decreased last year by about 1 percent in a year-on-year comparison owing to a 15 percent growth in part time jobs and a 11 percent growth in fixed-term job contracts.

The growth in employment was pulled above all by people working as employees whose numbers rose by 53,100 year-on-year to 4.067 million.

The number of entrepreneurs with employees grew by 10,400 to 170,100, while the number of self-employed people dropped by 12,000 to 681,000.

Employment increased above all in the tertiary services sector, but it also newly grew in the secondary manufacturing sector.

The number of workers in the services sector increased by 42,000 to 2.939 million and the number of employees in the manufacturing sector rose by 11,400 to 1.874 million.

However, the number of people working in the primary sector dropped by 12,200 to 144,300.

Men accounted for 76.1 percent and women for 60.2 percent of employed people.

The CSU also released data on unemployment.

The general unemployment rate among people aged between 15 and 64 years, calculated by the methodology of the International Labour Organisation (ILO), dropped by 0.4 points year-on-year to 6.8 percent in the fourth quarter.

The rate of registered unemployment released by the Czech Employment Office shows the same tendency. In December 2013, for example, unemployment reached 8.2 percent compared with 9.4 percent a year earlier.

The figures show that the labour market was in a better shape at the end of the year in a year-on-year comparison, Michal Kozub, analyst at financial company Home Credit, said.

The year 2014 should be more positive in terms of employment, according to Kozub.

"An economic recovery should slowly lead to gradual creation of jobs and stronger demand for new employees, especially in the second half of the year," Kozub said.

Written by:
www.ctk.cz

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