Think tank BIEC expects further improvement on Polish labour market

By bne IntelliNews July 2, 2014

The labour market indicator WRP, which informs in advance about changes in employment volumes and jobless rate, fell by 0.5pts m/m to 85.7pts for the 10th time in a row (after its 11th consecutive growths), according to the Office for Investments and Economic Cycles (BIEC).

The pace of the indicator's decline was nearly twice slower than in April and May, but BIEC's experts stress that changes on the labour market speak volumes for its further improvement and a drop of the unemployment rate.

WRP's slower drop was attributed chiefly to declining number of newly employed persons in recent months as well as industrial enterprises' managers becoming more pessimistic on the economy's and jobs creation's prospects.

After eliminating seasonal factors, the unemployment rate inched down by 0.1pps m/m to 12.6%. According to the data of national stats office GUS, Poland's registered unemployment rate amounted to 12.5% at the end of April of 2014, i.e. it was down by 0.5pps from the previous month.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+.  The raising of the outlook is based on ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Most Read

  1. Romanian developers get in the game
    4 days ago
  2. Putin and Trump trying to walk back Syria strike and sanctions tensions
    4 days ago
  3. What’s the cost of US sanctions on Russia?
    5 days ago
  4. E-commerce dramatically eats into foot traffic at Moscow’s leading shopping malls
    16 days ago
  5. Romania entrepreneur aims to put home-grown UAV defence technology industry on the map
    6 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    26 days ago
  2. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    13 days ago
  3. Romanian developers get in the game
    4 days ago
  4. KRUK REPORT: Nadia Savchenko, Ukraine’s fallen hero
    30 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    4 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss