Core Insights - The unemployment rate in Bosnia and Herzegovina continues to rise, with nearly 4,000 new registered unemployed individuals in July [1] - The total number of registered unemployed in July reached 320,500, reflecting a month-on-month increase of 1.3% but a year-on-year decrease of 2.4% [1] - Employment figures in the Federation of Bosnia and Herzegovina show a decline, with 54,430 employed in July compared to 54,760 in June, indicating a loss of 3222 jobs in just one month [1] Employment Trends - The total registered unemployed in July was 320,500, up from 316,900 in June, marking a month-on-month increase of approximately 4,000 [1] - Year-on-year, the unemployment figures show a decrease of 2.4%, suggesting some improvement compared to the previous year [1] Economic Analysis - An economist, Chavalic, indicated that the Federation of Bosnia and Herzegovina has lost nearly 10,000 jobs this year, attributing this to government decision-making errors and poor policy implementation [1] - The long-term outlook suggests that these issues may lead to a further increase in the unemployment rate [1]

Core Insights - Chile's unemployment rate reached 8.9% from March to May 2023, with projections nearing 10% in winter, marking the highest level since the 2008 financial crisis and the pandemic [1] - The rise in unemployment is attributed to increased labor costs due to minimum wage hikes, reduced working hours, and pension reforms, which have suppressed hiring [1] - Despite rising labor costs (nominal growth of 8.5% over the past year), formal employment has only slightly increased by 0.3%, while informal employment has decreased by 1.4% [1] Employment Market Dynamics - The main reason for the rising unemployment rate is the increased difficulty for job seekers to find work, with pathways to formal employment shrinking and the pace of transition to informal employment slowing [1] - The reduction in informal employment is linked to a decline in the proportion of unemployed and non-labor force individuals entering this sector [1] - Competition among job seekers has intensified, with a projected increase of over 7% in active job seekers by 2025, while online job advertisements have only increased by 3.3%, exacerbating job competition [1] Structural Challenges - The Chilean labor market is facing structural challenges that require multi-faceted policy responses to address the rising unemployment and competition for jobs [1]

Core Viewpoint - The Reserve Bank of Australia (RBA) highlights ongoing geopolitical uncertainties, indicating that under a "trade war" scenario, the unemployment rate may rise to nearly 6% [1] Group 1 - Geopolitical uncertainties remain a significant concern for the Australian economy [1] - The RBA suggests that a potential "trade war" could lead to an increase in the unemployment rate [1] - The projected unemployment rate under adverse conditions is close to 6% [1]