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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Alior Bank to pay out PLN570mn in first ever dividend

Alior Bank will pay out a dividend of PLN570mn (€122mn) from the profit generated in 2023, the Warsaw-listed lender said on February 28. The payout is in line with recommendations of the Polish ... more

EBRD buys into Poland’s Pekao Eurobond issue

The European Bank for Reconstruction and Development (EBRD) invested €20mn in debut Eurobonds issued by the state-controlled Bank Pekao, the second-largest Polish lender by assets, the EBRD said on ... more

Four Polish lenders form consortium to finance Polsat Plus Group’s wind farm project

PKO Bank Polski, along with three other banks, has entered into a consortium agreement with Great Wind, a subsidiary of the Polsat Plus Group, a media and entertainment company, to finance the ... more

Follow Us On

Most Read

  1. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  2. Don't mention the "D" word - Ukraine
    6 days ago
  3. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  4. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss