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51
22.08.2025
expanded to include the block of the labour market covering wage and unemployment variables. Besides, the model was complemented with a multi-level production function as
52
22.08.2025
was getting more complicated: staff shortages were becoming more acute, and the unemployment rate was at a record low. This was hindering a further expansion
the unemployment
rate does not necessarily reflect changes in the labour market. The market
will be adjusting via mechanisms that do not affect overall unemployment,
54
18.08.2025
labour demand. The unemployment rate stayed at its all-time low. Most participants in the discussion concurred that, in the current conditions, unemployment was not the
In 2025 H1, unemployment was at its all-time low. In May 2025, it came in at 2.2% (SA). The
lowest unemployment rates were recorded
expand supply, which resulted in elevated inflation, high inflation expectations, and low
unemployment.
The Bank of Russia stated that it would keep monetary conditions as
57
25.07.2025
their growth rate is still outpacing the growth in labour productivity. The unemployment rate is at its record lows.
Monetary conditions remain tight under the
58
25.07.2025
is still higher than that of labour productivity, according to our assessments. Unemployment stays at a record low.
Staff shortages remain a risk factor for
59
25.07.2025
their growth rate is still outpacing the growth in labour productivity. The unemployment rate is at its record lows.
Monetary conditions remain tight under the
risks arising from the labour market still leans towards
pro-inflationary ones. The unemployment rate hit an all-time low of 2.2% SA in May (Fig-