Analysis of developement of unemployment and vacancies in Czech Republic

This paper deals with the development of unemployment and job vacancies through the time. To examine the influences that affect their development, I used the theoretical framework of UV curve. Most its theoretical assumptions are confirmed. During the period from 1996 to 2013 in the Czech Republic there is a strong correlation between related index of monthly rate job vacancies and unemployment. Likewise, both variables show statistically significant dependence on the development of pure domestic product. Contrary to theories, models failed to show any correlation between the variables and the index of average wages for the selected period. Analysis of the shape of the curve itself also showed that the unemployment trend in the Czech Republic showed a growing trend that is likely to increase due to structural unemployment