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The Czech labour market is currently starting to be dominated by wages catching up with the increased price level - The development of the Czech labour market - 2 quarter of 2023
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Number of foreign workers continues to grow in Czechia
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According to the Czech Statistical Office (CZSO), there were approximately 602,500 foreign workers registered in the Czech Republic in 2020, around 15% of the total workforce. The number of foreign workers fell slightly in the last year due to COVID-19. Photo Credit: Freepik / Illustrative Photo.
Czech Rep., Jan 27 (BD) – According to recent data on employment trends in the Czech Republic from the Czech Statistical Office (CZSO), foreigners constitute 15% of the workforce in the country, with approximately 602,500 foreign workers registered in 2020. The majority of those are employed in administrative and support services, as well as the construction and manufacturing industries.
From 2010 to 2019, the proportion of foreigners in the Czech labor market has grown steadily, though the Czech Republic is still below the European Union average in this regard. The number of foreigners with temporary or permanent residence increased significantly until 2019, with the largest n
In Q3 of 2020, the average wage in the Czech Republic exceeded CZK 35,400, an increase of 5% year-on-year, reported the Czech Statistical Office in December. Photo credit: KB / BD.
Czech Rep., Dec 10 (BD) – The average wage in the Czech Republic rose by 5.1% year-on-year in nominal terms and 1.7% in real terms (adjusted for inflation). The median wage was CZK 31,183.
80% of employees were earning between CZK 16,612 and CZK 55,089 per month.
However, the number of unemployed is also growing. The Czech Labor Office reported that more than 270,000 people were out of work.
The figures that best describe the course of this year’s crisis are of hours worked. There were significantly bigger declines in hours worked among the self-employed. The average number of hours worked fell the most in April (by 31%, year-on-year). The situation began to stabilize from May.