Economy
14:51 22 May 2020
Post by: WBJ

Joblessness after month of pandemic five times worse than start of 2008 crisis: daily

Joblessness after month of pandemic five times worse than start of 2008 crisis: daily
Source: pixabay.com

After a month of the pandemic, five times as many people lost their livelihood as compared to the start of the crisis in 2008, according to the “Rzeczpospolita”, a widely-read Polish newspaper, on May 22.


The daily got to the latest data from the register of Poland’s Social Insurance Institution which show – as indicated in the article – an unprecedented wave of dismissals.


“As many as 165,500 people disappeared from the register in April, for which entrepreneurs stopped paying contributions for retirement and disability pension insurance,” states the “Rzeczpospolita”.


“In the first place, jobs were lost by those who are employed under civil law contracts and are self-employed. Such a decrease in employment means it broke the record from November 2008, when it reached 34,000 full-time jobs. The scale of layoffs caused by the Covid-19 epidemic is almost five times larger,” comments Andrzej Kubisiak, deputy director for research and analysis at the Warsaw-based Polish Economic Institute think tank.


(Rzeczpospolita)

zus
unemployment
crisis
coronavirus
epidemic
pandemic
polish economic institute

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