Registered unemployment rate in Poland rises to 14.0% in January

By bne IntelliNews February 25, 2014

Poland's registered unemployment rate amounted to 14.0% at the end of January of 2014, i.e. it was up by 0.6pps from the previous month, but was still 0,2pps below the level reported a year before, according to the data of national stats office GUS. Thus, the figure was also in line with the estimates (based on job centres' data) by the labour ministry.
At the end of January, the unemployed number amounted to 2,260.7 thousand, i.e. it was higher by 4.8% than a month ago (but down by 1.5% y/y).
The number of newly registered unemployed in January of 2014 amounted to 269.2 thousand vs. 230.2 thousand a month earlier and vs. 317.9 thousand a year ago.
The 2014 central budget law stipulates for registered unemployment rate at 13.8% at the end of 2014. According to most forecasters, a significant decline of the jobless rate will not start this or next year yet. However, PM Donald Tusk recently expressed his hope that the ratio would end this year at below 13.0%.

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