Unemployment: the best is yet to come

Oct 2, 2014 10:34 AM|Conotoxia.com

Author: finanse.wp.pl
Address: http://finanse.wp.pl/To-dopiero-poczatek-spadku-bezrobocia
Published: 01.10.2014

The unemployment is at its lowest since before 2011. And still the best is yet to come for the employees.

The character of the unemployment is strictly seasonal. That makes defining the direction of the movements of labor market difficult to some extent, but if these seasonal factors are deducted, it is clearly visible that the unemployment declines constantly since August 2013. This drop lasts for 13 months now.

The last time the trend was reversed, the unemployment was dropping for over 60 months straight. It was from November, 2003 until October, 2008. Although the historical analogies are to be taken with reserve, some factors indicate further decline of the unemployment.

Piotr Lonczak, Cinkciarz.pl analyst

PDF Download (28,5 kB)

Oct 2, 2014 10:34 AM|Conotoxia.com

See also:

Sep 30, 2014 10:55 AM

The reigning dollar and stable franc

Sep 24, 2014 5:46 PM

Monetary policy gets interesting

Sep 17, 2014 4:47 PM

What does Scotland fight for?

Sep 15, 2014 11:56 AM

The pound - unexpected hot topic. Not that good a week for the zloty

Sep 11, 2014 10:32 AM

What is the source of the zloty's weakness?

Sep 5, 2014 2:12 PM

Thursday ECB decision

Attractive exchange rates of 27 currencies