Czech Jobless Rate Falls Slightly in May

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The Czech Republic's unemployment rate dropped slightly in May, in line with expectations, figures from the Labor Office showed Thursday. The unemployment rate edged down to 3.5% in May from 3.6% in the previous month.

It also marked as the lowest jobless rate since November 2022, as the number of unemployed persons declined by 7,790 to 253,893 over the previous month, while went up by 18,425 compared to the same period a year earlier.

In the corresponding month last year, the jobless rate was 3.2%.

There were 253,900 unemployed people in May, down from 261,700 a month ago.

Meanwhile, the number of job vacancies increased to 285,692, although it was well below the all-time high of 363,917 recorded in February 2022.

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