Jobless rate stagnates in July

The Czech jobless rate stagnated at 7.4 percent in July, despite analyst expectations of a slight increase. In July, the number of those unemployed was just over five hundred and forty-one thousand, up by almost 11,000 year-on-year, according to the Employment Office. Job vacancies, meanwhile, have risen over a period of several months. The coming months, could nevertheless see an increase as seasonal work wraps up. The unemployment rate had fallen steadily since January when it stood at 8.6 percent.