Economy
22:03 12 October 2020
Post by: WBJ

Recovery in labor market slows down: BIEC

Recovery in labor market slows down: BIEC
Source: Pikrepo

The Job Offer Barometer (BOP), which indicates changes in the number of job offers published on the Internet, dropped by 6.7 points in September 2020, the Bureau of Investments and Economic Cycles (BIEC) reported.

"The job posting clock has been showing vague signs of a possible rebound and an end to the recession with the transition to the recovery phase over the past few months. Nevertheless, the optimistic 'V' recovery scenario with further increases is unlikely. Under the current conditions, a more likely scenario is a W-shaped recession, with a second wave of tightening due to increased infections. The scale of the decline will depend mainly on the timing of the vaccine appearance on the global market; the degree of restrictions on the re-lockdown of the economy, if any; and the government's stimulus measures and the scale of which this help will cover," the report reads.

A decline in the number of job offers, excluding seasonal work, is recorded in all voivodeships in September, except for the Zachodniopomorskie voivodeship. The largest falls on a monthly basis were observed in the province. Podkarpackie, Mazowieckie and Podlaskie.

In September, the greatest reduction in job offers concerned service occupations, and to a lesser extent, occupations requiring education in social and legal sciences.

(money.pl

biec
labor market
bop

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