Czech labor market improves gradually

The Czech unemployment rate fell to 7.2% in March after the 7.5% recorded at the end of February. This trend shouldcontinue in the coming months as well. Thanks to seasonal factors, unemployment will decline quickly in the months ahead. 

According to Societe Generale, by June, the unemployment rate should drop below 7%; this year's minimum should be reached in June at a level of around 6.2%. The unemployment rate to stand at 7.1% by the end of 2015 compared with 7.5% in December 2014.