Think tank BIEC: Most factors suggest worsening on Polish labour market

By bne IntelliNews June 4, 2013

The labour market indicator WRP, which informs in advance about changes in employment volumes and jobless rate, posted its 11th consecutive growth in May, but again a modest one: by 0.4pts m/m to 92.5pts, according to the Office for Investments and Economic Cycles (BIEC). This was the fourth month of the growth's deceleration.

However, currently merely two of WRP's components point to a decline of its value - i.e. an improvement on the labour market, BIEC noted. The positive signs signal impact of seasonal factors, while negative signs come from factors of cyclical character, it added. The analysts stressed, though, that the negative trends are mild.

BIEC estimates that the seasonally-adjusted unemployment rate inched up by 0.1pps on the month and amounted to 13.7%. According to national stats office GUS, the registered unemployment rate dropped by 0.3pps m/m to 14.0% in April.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more

European Parliament calls for use of “nuclear option” against Poland

The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more

Dismiss