Although the recovery in industrial output strengthened in November and third quarter GDP showed slight growth on the previous three months, unemployment didn’t drop, with the national jobless total now just under 600,000. The harsh economic fact is that whatever the good news on GDP, inflation, and industrial output, it will take time to convert into new jobs and lower unemployment. Just as employers cut overtime and temporary jobs when times get hard, they usually boost overtime but make do with the existing workforce when there are signs of an upturn.
English: http://www.radio.cz/en/section/business/czech-unemployment-rate-unlikely ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.