Poland's registered unemployment rate amounted to 14.0% at the end of February of 2014, i.e. it remained unchanged on the month, according to the labour ministry's preliminary estimates, based on job centres' data. Minister of labour Wladyslaw Kosiniak-Kamysz said that this is this year's peak and reaching the level of 13.0% at the end of this year (as pledged earlier by the PM) seems to be more and more within reach.
The ministry also said that this was the first February since 2008 that saw the number of the unemployed decline (by 3.7 thousand to 2,257 thousand). In February of 2013, the number of the jobless increased by 41 thousand and in February of 2009 - by 84 thousand.
Kosiniak-Kamysz announced the beginning of a revival on the labour market - he pointed out that already in January, the number of the unemployed registered at job centres was down by 35 thousand on the year, while in February, this difference expanded to nearly 80 thousand.
Under the 2014 state budget law, the jobless rate is expected at 13.8% in December of 2014, but PM Donald Tusk hopes that it will ease to below 13.0%.
Related Articles
Malawi-focused Mkango Resources' unit to merge with US-based Crown PropTech
Lancaster Exploration (Lancaster), a subsidiary of Mkango Resources (Mkango), has announced a merger with Crown PropTech Acquisitions (CPTK), a US-listed special purpose acquisitions company. ... more
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland signs €200mn deal with ICEYE for reconnaissance satellites
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
13 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago