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.
Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more
Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more
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