Labor market affected by lack of employees - BIEC
11:33
Labor Market Index, related to future changes in the volume of unemployment, in November, dropped by 0.4 points, Bureau of Investment and Economic Cycles (BIEC) reported. According to BIEC, there are currently two forces pushing the labor market into different directions. On the one hand, there is the low labor supply, which contributes to decreasing unemployment. On the other hand, the market is influenced by the slowing economy.
"An additional factor hampering the interpretation of basic trends in the labor market is its seasonality," BIEC experts said. Only in a few months, after the end of adverse seasonal factors, it will be possible to assess which of these forces will take advantage in the labor market, they added.
(PAP)
