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Unemployment rate rises to 13.5% in February


2012-03-26



The registered unemployment rate stood at 13.5% at the end of February, the Central Statistical Office (GUS) reported. This is 0.3 p.p. higher than in January and 0.1 p.p. higher than in the corresponding month of the previous year.

In the analysed period, just under 2.17 million Poles were registered as unemployed, an increase of 46,700 in relation to one month earlier and of 18,000 versus February 2011. The highest unemployment rates were noted in the voivodships of Warminsko-Mazurskie (21.3%), Zachodniopomorskie (18.8%), Kujawsko-Pomorskie (18%), Lubuskie (16.6%), Podkarpackie (16.5%), and Swietokrzyskie (16.3%). The lowest rates were recorded in Wielkopolskie (10.1%), Mazowieckie (10.6%), Slaskie (11.1%) and Malopolskie (11.4%).

At the same time, GUS data again showed a sharp increase in the number of job offers submitted by employers to labour offices, to 60,800 from 49,000 in January (and compared to 50,700 in February 2011). On the other hand, there was a month-on-month increase in the scale of redundancy plans reported to labour offices. At the end of February a total of 289 companies were declaring plans to shed 22,000 jobs in the near future, including 6,900 in the public sector, compared with 249 firms and 20,200 jobs (5,800) one month earlier. On a yearly basis the figures improved sharply, however, from 325 firms and 38,400 jobs (28,400) at the end of February 2011.

We forecast that at the end of 2012 the official jobless rate will amount to 12.9%.

Registered unemployment rate in Poland (%), February 2011-February 2012



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