9  Graph 11  Labour Market Tightness % 8  Unemployment rate  Underemployment rate  % 14  7  12  6  10  5  8  4  6  % Vacancies-to-unemployment 100  % 4.0  Job mobility*  80  3.5  60  3.0  40  2.5  20  2.0  0 2015 *  2019  2023  2019  2023  1.5  Proportion of employed persons who changed jobs.
The cornerstone of the REPSS operational model is a settlement agent which will hold accounts of participants and carry out end of day procedures. REPSS is expected to stimulate and increase intra-regional trade by enabling importers to pay for goods and services in their local currencies, whilst exporters will be able to be invoiced for their products in their local currency.