The number of unemployed registered in labor offices at the end of July amounted to 1878.5 thousand. people.
unemployment rate calculated according to the Labour Force Survey (LFS) was in the second quarter of 2014. 9.1 percent. compared to 10.6 per cent. in the first quarter – GUS said.
activity rate in the second quarter 74.1 percent. to 56.1 percent. quarter earlier, while the employment rate was 67.2 per cent. to 50.2 per cent.
is improving the situation of young
The data indicate an improvement in the labor market. As we look deeper into the structure of this decrease was noted that the number of unemployed fell most children. This proves the effectiveness of active labor market programs. Ministries of Labour has launched measures for internships targeted to young people. Surely this is the factors supporting a decrease in unemployment – considered the chief economist at Bank Plus Wiktor Wojciechowski. – Keep in mind that the growing demand for labor, however, is the main factor that causes the improvement of the situation on the labor market as measured decrease in unemployment – he adds.
Prior to advise the Ministry of Labour, which estimates that in the previous month unemployment expected year on year was 11.9 percent, was lower by 0.1 percentage points compared with June.
Wladyslaw Kosiniak- Kamysz, Minister of Labour and Social Policy of unemployment in July.
Source: TVN 24 Business and World / x-News
Seasonal factors
Piotr Kuczynski with Xelion Investment House explains that in the summer the rate – including through the work of seasonal – decreases. In its opinion of July and August will be the last period of this year, when unemployment is falling. Since September will begin to rise. At the end of the year can amount to over 13 percent.
The uncertainty is still large
BZ WBK economist Piotr Bielski said that despite the drop in the number of people without jobs, the labor market situation is far from a dream. He added that the pace of improvement is getting slower and at the end of the year can be expected seasonal increase in unemployment. The expert points out that the uncertain economic situation in Poland does not encourage entrepreneurs to increase employment.
At the end of the year, unemployment will be around. 12.5 percent.
– Improving the situation in economy, activation of the unemployed and seasonal factors, including work in agriculture and horticulture contributed to the decline in the unemployment rate in the first half of the year. It was expected that the unemployment rate at the end of the year can be found even in the vicinity of 12 percent. – Says chief economist Postbank Monika Jacket. – Recent events, however, ie. Applying in August, Russia’s embargo on food products, among others, of Polish, probably slow down the improvement of the situation on the labor market. Unemployment rate at the end of 2014 years probably will be around 12.3 percent. – 12.5 percent. – Economist predicts.
Retail sales in July rose 2.1 percent.
Retail sales in July rose 2.1 percent. compared with the same period of 2013, a month to month rose by 4.7 percent. – Central Statistical Office said on Tuesday.
Retail sales in real terms increased by 3.1 percent. year to year.
Economists surveyed estimated that retail sales in July on an annual basis rose by 1.8 per cent., and in the month rose by 4.0 percent.
Weak beginning of quarter
– The growth rate of retail sales in July, as in the case of industrial production was faster than in June, but unfortunately still lower than that recorded in the period from January to May this year. In real terms, retail sales also accelerated in July, but the growth rate of 3.1 percent. year to year, significantly differs from the average of 5.7 percent. year on year in the period from January to May – says chief economist Postbank Monika Jacket. – Thus, the July retail sales data are part of a fairly weak start of the third quarter in the Polish economy and suggest that GDP growth in this period will be lower than the one recorded in the second quarter, perhaps even below 3 percent. year to year, he added.
PAP, Celebrating, abo
No comments:
Post a Comment