Czech Unemployment at Impressive 5.2%
- New Europe Investor
- September 02, 2015
Unemployment in the Czech Republic was recorded at 5.2% for July according to the Czech Statistics Office.
Whilst it is slightly higher than in June when unemployment stood at 5.1%, it is still 0.8% lower than the same period last year.
The last time unemployment was at current levels was before the financial crisis of 2008.
Prime Minister, Bohuslav Sobotka has been quick to seek praise for the numbers. He was quoted as saying, “I am glad that thanks to the investment activities of government, streamlining funds from the EU, and a general relaxation of fiscal policy has succeeded in boosting economic growth. This in turn also brings something quite specific, new jobs.”