Economy
12:51 4 July 2021
Post by: WBJ

Poland no longer boasts lowest unemployment in EU

Poland no longer boasts lowest unemployment in EU
Source: Photo by Jaime Top on Unsplash

The unemployment rate in Poland dropped to 3.8 percent, the Eurostat reported A month ago it was 3.9 percent. These data may seem strange to all who remember that a month ago Eurostat reported that unemployment in Poland is only 3.1 percent, and not 3.9 percent. Indeed, it was so, but along the way, the methodology of calculations changed a bit and, as a result, our unemployment rate rose by as much as 0.8 percentage points. This means that we are no longer in the first place in the EU in terms of this key labor market indicator. We are in fifth place, ahead of us are the Netherlands and the Czech Republic (3.3 percent), as well as Malta and Germany (3.7 percent)

The GUS informed us about changes in the methodology a few days ago. There are several of them, and the most important one concerns the exclusion of self-employed farmers from the group of working persons, and the effects of this work are mainly used for their consumption and, at the same time, do not have any other job.

The change in the calculation method applies to all countries, of course, not only Poland, and to the greatest extent, because it increased the unemployment rate in Ireland by over 2 percentage points. On the other hand, in Germany, the indicator decreased by 0.6 percentage points.

(Business Insider)


poland
eu
eurostat
unemployment

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