BIEC: Labor market not improving yet

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) remained unchanged in month-on-month terms in August, according to a report from the institution quoted by the Polish Press Agency. Seasonal factors were dominant in the recent improvement on the labor market and their impact will decrease in the coming months, BIEC analysts said. “The labor market requires a more intense and long-lasting economic rebound, in order to reduce the unemployment rate significantly,” BIEC wrote. “For the time being, geopolitical uncertainty does not act in favor of such a scenario.”