Czech Republic's seasonally-adjusted unemployment rate to cut one tick

Czech Republic's unemployment data will be published on 10th August. The share of unemployed persons to the total population ages between 15-65 was 6.2 in June. 

According to Societe Generale, "The unemployment rate is set to continue to decline for the rest of the year, as the favourable underlying fundamentals will continue to underpin higher employment. Recently, the unemployment rate has been at the NAIRU level. That said, we see the decrease in unemployment starting to pressure wages in the country."

The Czech seasonally-adjusted unemployment rate is to cut one tick thanks to the improving economic situation. July's economic confidence remains high corroborating solid results in the real economy. The Ecofin survey shows growing employment expectations in the retail sector as well as in industry.