Labour Costs in Czech Republic decreased to 118.43 points in the third quarter of 2024 from 120.55 points in the second quarter of 2024. Labour Costs in Czech Republic averaged 76.10 points from 1994 until 2024, reaching an all time high of 124.77 points in the first quarter of 2024 and a record low of 38.60 points in the first quarter of 1995. source: European Central Bank

Labour Costs in Czech Republic is expected to be 127.14 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Labour Costs is projected to trend around 122.73 points in 2026 and 124.81 points in 2027, according to our econometric models.




Related Last Previous Unit Reference
Employed Persons 5197.40 5167.30 Thousand Sep 2024
Employment Change 0.00 0.50 percent Sep 2024
Employment Rate 75.70 75.30 percent Sep 2024
Full Time Employment 4612.00 4600.20 Thousand Sep 2024
Job Vacancies 246573.00 255641.00 Dec 2024
Labor Force Participation Rate 77.80 77.30 percent Sep 2024
Labour Costs 118.43 120.55 points Sep 2024
Long Term Unemployment Rate 0.70 0.80 percent Sep 2024
Minimum Wages 755.24 764.44 EUR/Month Dec 2024
Part Time Employment 398.10 380.60 Thousand Sep 2024
Population 10.88 10.76 Million Dec 2023
Productivity 110.54 111.56 points Sep 2024
Retirement Age Men 64.33 64.17 Years Dec 2024
Retirement Age Women 64.33 64.17 Years Dec 2024
Unemployed Persons 306478.00 290425.00 Dec 2024
Unemployment Rate 4.10 3.90 percent Dec 2024
Real Wage Growth 4.60 3.90 percent Sep 2024
Wages 45412.00 45854.00 CZK/Month Sep 2024
Wages in Manufacturing 43915.00 46170.00 CZK/Month Sep 2024
Youth Unemployment Rate 10.50 10.40 percent Nov 2024

Czech Republic Labour Costs
Actual Previous Highest Lowest Dates Unit Frequency
118.43 120.55 124.77 38.60 1994 - 2024 points Quarterly
2020=100, NSA