Seasonally-adjusted Czech unemployment rate to slightly decrease

Czech's growing industrial output and flourishing construction creates more and more vacancies and thus contributes to the decline of unemployment. The seasonally adjusted share of unemployed should marginally decrease cutting the headline number to 6.2%. 

According to Societe Generale, the unemployment rate already stays below NAIRU. It should thus start exercising wage pressures. It will be visible already in the figures for the second quarter.