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 reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Polish regulator gives RBI new IPO deadline

Polish financial market regulator KNF on August 2 gave Raiffeisen Bank International (RBI) a new deadline of May 15, 2018 to float 15% of its Polish unit. Under the terms of its purchase of the ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more

Dismiss