Actual (Dec 09 - Feb 10): 11,4 %
Consensus (Bbg): 10,9 %
Previous (Nov 09 - Jan 10): 10,8 %
There are negative seasonal effects in the first months of the year. But only a small rise in unemployment rate was expected and the actual figure is much worse. Unemployment rate in the 15-24 age group has slightly decreased but remains very high at 27,5 %. The economy remains very week and is expected to stagnate in 2010. This outlook is not good enough for a decline in unemployment. The decline may come in 2011 after positive GDP growth is restored.