Polish government expects registered unemployment rate at 12.2% in December of 2015

By bne IntelliNews June 11, 2014

The registered unemployment rate should amount to 12.2% in December of 2015, according to the guidelines to the 2015 state budget draft. The ministry of labour recently estimated that the rate fell to 12.5% in May from 13.0% in April and should ease to below 12.0% during the summer.

The government expects the average employment in the national economy to increase by 0.4% in 2014 and by 0.7% in 2015. Next year, the average employment in the national economy is projected at 9,725.5 thousand jobs. The number of persons employed in the state budget sphere is planned at 543 thousand.

Under the guidelines, the nominal growth of gross wages in the national economy should reach 4.7% next year, while in the enterprises sector - 5.1%.

The government press office explained that a milder pressure on wages growth is expected in the entire economy due to continuous freezing of wages in the government and social security segments  of the public sphere (excluding wages of higher education facilities' employees).

Related Articles

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Play Communications' Warsaw IPO price sets value at over PLN4bn

Play Communications, owner of second biggest Polish mobile operator P4, has set the price of its upcoming initial public offering (IPO) at PLN36 (€8.5) per share, putting the value ... more

Dismiss