Unemployment down again, sales up

Unemployment rate dropped to 11.3 percent in October, according to statistics office GUS, 0.2 percentage point lower than in September. The data is consistent with earlier forecasts by Labor Ministry. In October 2013, unemployment stood at 13 percent. Analysts say that the job market is doing better than it usually does at this time of the year. Lower unemployment is translating into growth of retail sales, which increased in October by 2.3 percent year-on-year, slightly above market consensus.