Of the country's population of ten million, 541,675 were out of work in
December 2004. In the last month of the year, the unemployment rate shot
up to 9.5 percent from 8.9 percent in November. But while this development
has made front page headlines, economists say there is no cause for concern
and expect the rate to continue to rise and peak in February. Seasonal
factors - the lack of seasonal jobs in agriculture or construction for
example - cause unemployment to increase every winter. But, as the chief
economist at Next Finance, Marketa Sichtarova,