Czechia posts the European Union's lowest unemployment rate

Czechia has the lowest unemployment rate in the European Union, according to figures calculated by the European statistics agency Eurostat. Second place is shared by Slovenia and Malta, where unemployment stands at 3.4 percent in both countries. Finland fares worst, with 10.3 percent of its population out of work, followed by Spain in second-to-last place at 10 percent.

Eurostat uses the International Labour Organization's standard definition of unemployment: people are counted as unemployed if they have actively looked for work in the past four weeks and are ready to start within the next two weeks.

For Czechia, Eurostat uses data from the Czech Statistical Office (ČSÚ), which differs from the figures published by the Labour Office of the Czech Republic. According to the Labour Office, Czechia's unemployment rate in August held steady at July's level of five percent. The difference in the numbers comes down to methodology: the ČSÚ relies on a sample labour force survey, while the Labour Office counts only officially registered jobseekers.

Source: novinky.cz