Unemployment continues to fall, but for how long?
The latest data from the Central Statistical Office (GUS) shows that in August entrepreneurs declared that shortly they might lay off 14,600 staff, which is the highest number in three years and double the figure for the same time last year. "Economic slowdown is more apparent and the situation on the labor market is confirming this trend," said Piotr Bujak, economist of BZ WBK.
The growing willingness of companies to reduce employment is reflecting the deteriorating economic situation which is hitting exporters fast and hard.
Exporters problems reflect the end of good fortunes of the whole economy. The latest macroeconomic industrial growth data shows a negative result, while the growth of retails sales slowed from 14 percent from 8 percent.
Source: Puls Biznesu (M.M.)
The growing willingness of companies to reduce employment is reflecting the deteriorating economic situation which is hitting exporters fast and hard.
Exporters problems reflect the end of good fortunes of the whole economy. The latest macroeconomic industrial growth data shows a negative result, while the growth of retails sales slowed from 14 percent from 8 percent.
Source: Puls Biznesu (M.M.)
