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Unemployment rate higher at 11.5% in September


2010-10-27



The registered unemployment rate stood at 11.5% at the end of September, the Central Statistical Office (GUS) reported. This was up by 0.1 p.p. compared with August, and 0.6 p.p. higher than in the corresponding month of the previous year.

In the analysed period, just over 1.81 million Poles were registered as unemployed, an increase of about 12,400 in relation to one month earlier and up by nearly 97,000 compared with September 2009. The highest unemployment rates were registered in the voivodships of Warminsko-Mazurskie (18.5%), Zachodniopomorskie (15.9%), Kujawsko-Pomorskie (15.1%), and Lubuskie and Podkarpackie (14.8%). The lowest rates were recorded in Wielkopolskie (8.5%), Mazowieckie (8.9%), Malopolskie and Slaskie (9.5%).

Meanwhile, GUS data showed an annual increase in the scale of redundancy plans reported by employers to labour offices, but also a rise in job offers. Thus, at the end of September 522 companies were declaring an intention to cut 43,900 jobs in the near future (including 26,000 in the public sector). This compares to 508 firms and 45,700 jobs (27,000 public-sector ones) at the end of August, and 551 firms and 40,700 jobs (14,800 in the public sector) a year earlier. At the same time, the number of job offers submitted to labour offices in September, at 99,000, was 12.6% higher compared with both a year earlier and the previous month.

We expect a seasonal drop in labour demand in the coming months. We forecast that by the end of the year the registered unemployment rate will approach 12%.



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