YOUTH UNEMPLOYMENT IN THE CZECH REPUBLIC AND THE IMPACT OF ECONOMIC CRISIS

The Czech economy was hit by a severe economic recession that had an impact on the labour market too. Young people were one of the most affected population groups. In the first part, this article describes the development of the Czech economy in 2007 - 2012. The next section explains the differences between the overall unemployment rate and the unemployment rate of young people aged 15-29 years. The article describes the declining population of young people in the Czech Republic and thus decreasing labor force of this age group. The final part of the article focuses on the development of long-term unemployment among young people. For all indicators, not only data for the entire population, but also separate data for women and men are used. It is evident that the youth unemployment rate is higher than the unemployment rate of the whole labour force. Young people also suffered a significantly higher level of long-term unemployment than the whole population. Unemployment among young people is at the center of attention not only in the Czech Republic, but it is serious problem of whole European union and this is the reason why governments of member states adopt various types of measures which are also discussed in this paper.