The unemployment in August reached 312 thousand, just slightly up from July – the change was really marginal, the unemployment rate remained at 5.3 percent. The result is slightly better than both market and our estimate. Despite the worsening economic situation, the job market still keeps up momentum – the number of unemployed persons is growing more slowly and there are still number of vacancies available (almost 151 thousand). The number of graduates registered with the labour offices in August did not diminish and this seasonal effect will continue to weigh down on unemployment. Even after fading off of this factor, the numbers are not likely to improve very much – slowing production will push the number of the unemployed up. In the next three months we expect a slight increase in unemployment and by the end of the year the unemployment should reach 6 percent.