Unemployment soars to 5%: ministry

The unemployment rate after March is around 5 percent, Development Minister Jadwiga Emilewicz said.

The most cautious forecasts speak of doubling the unemployment rate till the end of 2020.

“If all those who are seriously afraid of losing their job lose their jobs, i.e. 43 percent of those working on civil law contracts, 21 percent of self-employed, 39 percent of those working on fixed-term employment contracts and 17 percent of fixed-term contracts, then as many as 3.64 million people will be unemployed. I believe that their fears have serious grounds and that at the end of the year BAEL (Q4 2019) will have to add to 2-2.6 million "new" unemployed, which will raise the unemployment rate by up to 18 percent. The last time was so bad 15 years ago when we came out of the worst crisis and the deepest unemployment after 1989,” Łukasz Komuda, the labor market expert from the Foundation for Social and Economic Initiatives and editor of the Rynekpracy.org portal, assessed.

(PAP, ISBnews)