Economy
14:14 26 July 2022
Post by: WBJ

Unemployment in Poland lowest in 32 years

Unemployment in Poland lowest in 32 years
Source: Photo by Marten Bjork on Unsplash

The unemployment rate in June was 4.9 percent, compared to 5.1 percent in May, the Central Statistical Office (GUS)  reported. The last time an unemployment result below 5 percent was recorded in Poland was in 1990 when the rate was 4.5 percent in August and 5 percent in September. This means that the current result is the best in almost 32 years.

Today's GUS data are in line with estimates from the Ministry of Family and Social Policy. The ministry also reported that the unemployment rate in June was 4.9 percent.

As Mariusz Zielonka, an economic expert at the Confederation of Lewiatan pointed out, the labor market, by its resilience to the current crises, is likely to be the last to experience the coming economic slowdown.

In turn, as Piotr Soroczynski, Chief Economist at the National Chamber of Commerce (KIG), pointed out, "June usually brings an improvement in unemployment statistics. This is due to two trends. First, the demand for seasonal workers in construction, agriculture, and tourism services, which is felt in the spring and summer, develops. Second, companies are beginning to hire more intensively to meet this year's level of orders."

(EURACTIV.pl


poland
unemployment
piotr soroczyński
gus
lewiatan
kig
mariusz zielonka

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