BIEC labor market index inches down

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) inched down by 0.2 points month-on-month in September, according to a report from the institution quoted by the Polish Press Agency. Over the past four months, the indicator has only been subject to slight changes in the past four months, BIEC said. This is partly because of a decreasing impact of seasonal factors. The institution said that five components acted in favor of the indicator’s decline last month, while three were downward-oriented. This means that unemployment is more likely to fall than grow.