Unemployment rises to 14%

The registered unemployment rate stood at 14 percent at the end of January, according to data published by statistics office GUS yesterday. The figure is in line with an estimate published by the Labor Ministry earlier this month. In year-on-year terms, the unemployment rate declined from 14.2 percent recorded in January 2014. The number of unemployment persons registered in labor offices amounted to 2.26 million at the end of last month. It was 102,800 higher than at the end of December. “Data show the continuation of recovery of domestic demand fueled by improvement of the situation on the labor market,” BZ WBK economists wrote in an e-mailed comment. “We expect these positive tendencies to be sustained in months to come.”