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 kurzy.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kurzy.cz Daily Mail and Mail on Sunday newspapers.
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.