Labour market analysis of the Czech Republic and chosen European countries

Tomáš Pírko

Bachelor's thesis

Abstract:

This bachelor's thesis deals with the unemployment rate and the rate of long-term unemployment in the labour market in selected European countries. Specifically, these are the Czech Republic, Slovakia, Germany and also the United Kingdom. There are relatively large differences in the values of labour market indicators between individual European countries. The main goal of this bachelor thesis is to analyze individual indicators and determine the development trends of these indicators in individual countries in the years 2008-2019 using the β-convergence method, which is applied to data collected from statistical offices such as Eurostat. A secondary goal is a closer look at 2020. The result of the analysis varied from one European country to another during the period under review. Convergence using the β-convergence method was confirmed only in the case of the economic indicator GDP per capita. For the rest of the analyzed indicators, due to insufficient conclusive value, the correlation diagrams were analyzed, which determined how the indicators behave in individual countries compared to other countries. The same results were obtained for both indicators based on the analysis of correlation diagrams. The Czech Republic tended to distance itself from other countries in its values. In both cases, Slovakia is lagging behind other countries. In the case of Germany, a high initial value of the indicators was determined together with a high decrease. In the case of the United Kingdom, a below-average initial value and a below-average rate of decline of individual indicators compared to other countries were determined. A closer look at 2020 identified the reason for the rapid rise in unemployment, which is the COVID-19 pandemic.

Keywords

Labour market, Unemployment, Gender, Workforce, Job, Comparison

Language used: English

Date on which the thesis was submitted / produced: 14. 3. 2021

Thesis defence

• Supervisor: Ing. Tomáš Hlavsa, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / field:
Economics and Management / Economics and Management