Big changes are shaping up

While yesterday’s statistics from the industry, construction and the foreign trade in the Czech Republic confirmed that the Czech economy is slowing down today’s news from the job market will warm us on the first sight. Only 2.7 applicant falls on one vacancy now.

The rate of the Czech unemployment didn’t grow even with the autumn started and ending of the seasonal and outdoor jobs. On the contrary in November, the unemployment rate managed to drop from the October’s 5.0 % to 4.9 %. So it is the lowest in 8 years. Well - and that is exactly the catch.

What happened 8 years ago?

It was the end of 2008. Naive dreamers like let’s say Czech government at the time were rejoicing how well are we doing. And in not many weeks the economic situation took an ugly turn and fell into the crisis at the turn of years 2008-2009.

In other words, the job market is showing just the same unhealthy tension which is selling very well to the masses but at the same time unmistakably predicting upcoming change...