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Registered unemployment rate drops to 12.3% in July


The registered unemployment rate stood at 12.3% at the end of July, the Central Statistical Office (GUS) reported. This is 0.1 p.p. lower than in June but 0.5 p.p. higher than in the corresponding month of the previous year.

In the analysed period, just over 1.95 million Poles were registered as unemployed, a decrease of 11,200 in relation to one month earlier and an increase of 90,000 compared with July 2011. The highest unemployment rates were noted in the voivodships of Warminsko-Mazurskie (19.1%), Kujawsko-Pomorskie (16.5%), Zachodniopomorskie (16.4%), Podkarpackie (15.1%), Lubuskie (14.9%), and Swietokrzyskie (14.8%). The lowest rates were recorded in Wielkopolskie (9.1%), Mazowieckie (10.1%), Slaskie (10.1%) and Malopolskie (10.5%).

At the same time, GUS data showed a 4.3% month-on-month decline in the number of job offers submitted by employers to labour offices, to 64,400 (in annual terms the figure represents an increase of 2%, though).

There was also an increase in redundancy plans. At the end of July a total of 432 companies were declaring an intention to shed 38,500 jobs (including 11,400 in the public sector). By way of comparison, at the end of June the figures were 354 firms, 33,000 jobs, of which 9,000 in the public sector; and at the end of July 2011 they were respectively 400, 36,300, and 23,500.

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

See also the news item "LFS unemployment rate down to 9.9% in Q2".Registered unemployment rate in Poland (%), July 2011-July 2012

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