Functioning labour market Sample Clauses

Functioning labour market. Background and Description The quality of human resources and efficient labour market represent the key features of non-price competitiveness. In particular for a small and open economy as the Czech Republic is, the flexibility of labour force and harmonizing the supply and demand in the labour market represent important tools for dealing with the lost cost advantage which was such an important factor of growth before the start of the economic recession. The Czech labour market is affected by unfavourable economic development. Employment in the Czech economy dropped by 112 thousand jobs in 2008-2012.11 The biggest drop in employment (as absolute value) was suffered by the processing industry where in 2008-2012 the number of jobs decreased by nearly 80 thousand; construction lost further 56 thousand jobs and sales and transport lost 35 thousand jobs.12 One of the factors of the growth of unemployment is also the regional economic structure and its economic performance. The development stated above resulted in a rapid growth of unemployment. In September 2013, more than 550 thousand unemployed were registered; compared to June 2008 when the number of unemployed dropped below 300 thousand, this represents an increase by nearly 90%. The registered unemployment rate reached 9.4% at the end of 2012. More than 192 thousand unemployed have been registered for more than a year; in 2008–2012 this number increased by more than 90%. There is a risk of an increasing structural character of the unemployment, which would require difficult and costly solutions. Even though in the global context, the situation in the Czech labour market is still fairly good, the reality for some groups of the population is significantly worse. Persons aged 50+, disabled people and ethnic minorities, in particular the Roma, face higher risks of unemployment and loss of jobs. With regard to the employment rate of older persons (49 %13) the Czech Republic is at the EU average, however there is a significant difference between men (60%) and women (39%). The level of employment of persons with primary school education and without education is significantly below the EU average (in 2012 it was lower by 13.6 p. p.) and it is still decreasing. The level of employment of young people (20–29 year-olds) has also been showing a downward trend in the long term (in 2000 it was 66%, in 2012 only 57.8%) and their unemployment grows proportionally. The proportion of young people outside the labour market o...