BIEC report. “Calm before the storm” on the labor market. Analysts warn

The number of advertised vacancies has remained at a similar level since the beginning of the year and does not show any trend. At the same time, the registered unemployment rate is slowly increasing, we read in the analysis.
After excluding the unemployed, taking part only in seasonal work, the unemployment rate in August increased again by 0.1 percentage point. compared to last month and amounted to 5.6 percent. This was the third consecutive increase. “There are also growing signals of announced group layoffs. The job market clock, illustrating the economic changes taking place on the market, has moved slightly more clearly in the direction signaling a period of economic downturn,” analysts warn.
“Similar to previous changes in job offers observed this year, this is only a minor fluctuation. The number of announced vacancies has remained at a similar level since the beginning of the year and does not show any trend,” it was written in the commentary.
As a result, although the Job Offer Barometer has gone up, analysts see that things are not going well.
Job Offers Barometer
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biec.org / BIEC
The most offers were for blue-collar workers. However, this was the first increase after five months of declines, as indicated in the material.
In the group of demanding professions education in science or engineering the number of advertised job offers increases for the tenth month in a row. “From a historical perspective, there are still relatively few job advertisements,” analysts point out. Relatively the most vacancies more for workers in the construction industrythose dealing with online sales and for employees of scientific and research units. “There is a slight decrease compared to last month for programmers and representatives of professions related to occupational health and safety (OSH). For programmers, it was the first decline after ten months of increases” – we read in the analysis.
In the group of demanding professions education in social sciences or law, as well as in servicesSeptember's increase was minimal. However, there are more job categories in which the number of vacancies decreased per month than the number increased. Relatively the largest reduction occurred for graphic designers, call center employees and real estate workers. More vacancies than a month ago were available for employees of purchasing departments, lawyers and customer service employees. No lasting changes can be seen in banking.
“IN service professions In September, there were relatively many new job advertisements for representatives of the media industrywhere we have been noticing a slight recovery for several months. However, due to the sharp declines so far, employment prospects for this type of workers remain uncertain,” analysts say.
An increase was recorded for logisticians and forwardersalthough for logisticians it was the first after six months of declines. For forwarders, job advertisements are gradually increasing. “In general, however, in the category of offers related to broadly understood logistics, after years of growth, we have been observing a downward trend for a long time,” the report added.
Relatively the largest monthly decline occurred in tourism. “This was the fourth consecutive and relatively large reduction in the number of job advertisements, and until recently the tourism industry was one of the few categories in which, despite the economic slowdown, there was a significant demand for employees,” write analysts.
The number of job offers advertised in the education industry remains at a record level, although slightly lower than last month, it also added.





