Labor Market Index grows for fifth month in a row - BIEC

The Labor Market indicator, informing in advance about future changes in the volume of unemployment, rose again in September. This is the fifth month of its value increase, the Investment and Economic Cycles Office (BIEC) said.
“The seasonal increase in unemployment or a slowing down of its pace of decline usually occurs at this time of year, but currently there are factors in the economy that may predict a reversal of present trends,” the experts of the BIEC noted
BIEC also indicated that on a monthly basis the number of unemployed people dismissed due to reasons attributable to the workplace increased by 2 percent.

(PAP)