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Czech jobless rate drops to 5.0 percent in May, inflation remains at 6.8 percent

Czech jobless rate drops to 5.0 percent in May, inflation remains at 6.8 percent

Czech officials released figures Monday showing unemployment falling to the lowest level in more than a decade while inflation remained unchanged in May.
Unemployment dropped to 5.0 percent in May, down from 5.2 percent in April, the lowest figure since November 1997 the Labor Ministry said, adding that the number of people without jobs totaled 281,126 down by 11,339 compared to April.
The falling unemployment rate has coincided with increasing investment since the Czech Republic joined the EU in 2004.
Inflation, which hit a nine-year high of 7.5 percent in January, remained at 6.8 the same as in April, according to the Czech Statistics Office.
Inflation was is driven mostly by rising oil prices in transportation, as well as prices of food and soft drinks, the report said.


Updated : 2021-03-09 18:48 GMT+08:00