Harmonized unemployment rate in Poland inches down to 9.9% in January

By bne IntelliNews March 3, 2014

Poland's harmonized unemployment rate remained inched down by 0.1pps on the month to 9.9% in January of 2014, data by EU's statistics office, Eurostat, showed. In annual terms, the jobless rate declined by 0.7pps.
The average jobless rate for the EU's 28 member states amounted to 10.8% in January, unchanged since October of 2013.
In Poland, there were 1,718 thousand unemployed in January of 2014, down from 1,733 thousand in December of 2013 and down from 1,829 thousand in the same month of 2013.
Based on the ILO definition, Eurostat defines unemployed as persons aged 15 to 74 who are without work, are available to start work within the next two weeks and who have actively sought employment at some time during the previous four weeks.
According to Poland's statistics office GUS, the unemployment rate - calculated on the basis of the number of the registered unemployed - was 14.0% in January of 2014, up by 0.6pps on the month.
The Premier hopes that the registered unemployment rate will decline to below 13.0% at the end of 2014, but some economists fear that the currently strengthening economic revival may bring about more significant job creation only in 2015.

Related Articles

Poland’s Enterprise Investors acquires Croatian grocery chain Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, signed an agreement to acquire a 100% stake in Studenac, a network of neighbourhood grocery stores operating in ... more

Polish PM takes over supervision of PKN Orlen and Lotos

Poland’s Prime Minister Mateusz Morawiecki has taken over supervision of two state-controlled oil and gas companies, PKN Orlen and Lotos, the energy ministry said on June 5. Stripping the ... more

CEE's oldest accelerator StartupYard picks six startups for crowdsourced funding

Prague-based start-up accelerator StartupYard will distribute up to CZK20mn (€782,000) to young companies to help them grow their businesses. The money was raised via a crowdfunding campaign ... more