The unemployment numbers in September, after a temporary increase during the holidays, fell to 365,000 thousand again which puts them back to a decreasing line. This is an expected result. In September, the seasonal increase of registered unemployed people caused by fresh graduates is eliminated. In the previous years, the rule was a m/m unemployment rate lower by 1-2 per cent points. This year has been no exception; the unemployment rate fell to 6.2 per cent from the 6.4 per cent in August.
The increase of jobs available has continued in September. The number reached 137,400. The increase creates space for further reduction of unemployment - in 4Q07, we expect the rate to decrease below 6.0 per cent. On the other hand, it proves there is an inconsistency between supply and demand in the labour market. The qualifications of workers available often do not match the jobs available. In some industries, this creates higher pressure on wages.