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00:00 The unemployment rate ticked up in August but remains low at 3.8%.
00:05 The participation rate in labor force increased since the end of last year,
00:10 especially for people between the ages of 25 and 54.
00:15 But the number of active jobs has decreased this year.
00:20 Despite the gap between jobs and workers,
00:25 the demand for jobs still exceeds the demand for available workers.
00:30 This is why the Federal Commission expects the market to continue to rebalance
00:35 in the labor market, which will reduce the pressure on inflation.
00:40 The Federal Commission expects the market to continue to rebalance
00:45 in the labor market, which will reduce the pressure on inflation.