Actual (Sep): 8,6 % Consensus: 8,6 % Previous (Aug): 8,5 % Unemployment rate grew slightly in September despite some positive seasonal effects. The situation on labour market is not getting worse as fast as in the first half of the year. However, the negative trends are still there. Seasonally adjusted unemployment keeps growing and the number of vacancies went down again reaching its low since year 2000. We expect unemployment to go up further for several more months. It is likely to get above 9 pct by the end of the year and then to peak slightly below 10 pct level in 1Q 2010.