The impacts of the coronavirus crisis on the labour market in the Czech Republic Cover Image

Dopady nástupu koronavirové krize na trh práce v ČR
The impacts of the coronavirus crisis on the labour market in the Czech Republic

Author(s): Pavel Kaczor
Subject(s): Supranational / Global Economy, Economic history, Labor relations, Health and medicine and law, Demography and human biology, Transformation Period (1990 - 2010), Present Times (2010 - today), Tourism
Published by: Výzkumný ústav práce a sociálních věcí
Keywords: COVID-19; labour market; unemployment; economic cycle; 2008 recession;

Summary/Abstract: The paper focuses on the effects of the coronavirus crisis on the labour market in the Czech Republic in the period February to July 2020. Registered unemployment indicators are analysed from the macroeconomic point of view taking into consideration significant regional differences concerning the impacts of the COVID-19 pandemic. The paper also includes a comparison of the first months of the impact of the coronavirus crisis on the labour market in the Czech Republic with the onset of the economic recession in 2008. The author both identifies the most obvious differences between the causes of the coronavirus crisis of 2020 and the 2008 recession, and demonstrates the significant regional differences between the impacts of these two events. Moreover, the study of the relevant time series reveals the significantly differing nature of the increases in the number of registered unemployed during the first four months following the onset of the two recessions. The author suggests that the main tools available for eliminating the recessionary impacts on the regions of the Czech Republic comprise the diversity of the business environment and the willingness of employers to be flexible. In addition, a further topic considered by the author concerns the over-dependence of certain companies and regions on foreign tourism and the consequent reluctance to boost domestic demand by charging more attractive prices.

  • Issue Year: 2020
  • Issue No: 5
  • Page Range: 2-8
  • Page Count: 7
  • Language: Czech