Czech's unemployment likely to stay unchanged in November, but on a downward trajectory

Czech Republic's unemployment share for the month of November is expected to be at 5.9, by the consensus, same as that of its previous month's value. The labor markets conditions are strong, and reflects economic growth.

New vacancies are reaching highest levels and the share of unemployed people is falling at a fast pace.

"... we see the share of unemployed remaining at 5.9% despite unfavourable seasonal factors pushing the measure down another tick, when adjusted for calendar effects", says Societe Generale in a research note.