Business

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.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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