Prague – Situations within the job market within the Czech Republic have been deteriorating for the third 12 months in a row, rating tenth worst within the EU. That is primarily resulting from low flexibility and enormous pay inequalities between women and men. Regardless of having the bottom unemployment fee within the EU, the Czech Republic is struggling to create favorable situations for workers within the job market, in keeping with the evaluation of the Prosperity and Monetary Well being Index, which is collectively created by Česká spořitelna and the information portal Europe in Knowledge.
In response to the index, the situations within the job market correspond to the 18th place within the European Union when evaluated from the very best to the worst international locations, with the Czech Republic rating fifteenth in 2022. The authors of the evaluation additionally attribute this to low flexibility. Czech staff typically shouldn’t have the choice of part-time work, regardless that they might be occupied with it. This results in widening inequalities, as this flexibility helps dad and mom who keep at residence with kids to be a minimum of partially economically energetic, they famous. Partial-time jobs additionally stop extra vital revenue drops.
Unemployment within the Czech Republic in 2023 was 2.6 p.c, which is the bottom fee within the EU. Though the variety of job openings has not too long ago decreased, individuals are nonetheless capable of finding work. Nonetheless, low unemployment can pose an issue for the Czech Republic as a result of it’s beneath the wholesome stage, which economists take into account to be nearly double the present unemployment fee within the nation. Low job flexibility additionally contributes to market inequality between women and men. The gender pay hole within the Czech Republic has risen by a couple of proportion level to 17.9 p.c, which is the third highest distinction within the EU. “The Czech Republic has lengthy held one of many three worst positions in gender pay hole within the EU, though the wage distinction has been regularly lowering since 2016. (September 9)