Not exact matches
While the near - zero balance of opinion suggests that
labour market slack remains, the indicator has continued to
improve gradually since the oil price shock, as
conditions in affected regions have bottomed out.
These individuals may still be available to work, but they might choose to sit on the sidelines of the
labour market, ready to take up an opportunity or at least begin searching for one when
conditions improve.
In contrast to the
improving conditions in the business sector, household spending has been flat over the past year, held back by a relatively subdued
labour market.
Along with the pick - up in activity, there are tentative signs that
conditions are
improving in
labour markets across the region, with the unemployment rate declining slightly in a number of countries.