As the latest GUS figures show, the registered unemployment rate in July was 10.1 percent. – Despite the fact that the time if a seasonal increase in employment is already behind us, the rate of people registered as looking for a job continues to drop. This testifies to a further improvement of the situation on the labour market – says Łukasz Kozłowski, expert of Employers of Poland.
During the holiday season, the impact of the seasonal factor on the unemployment rate is not as big as in spring. Therefore the decreased number of people without a job is mostly due to an economic upturn. Although the GDP dynamics remain lower than its potential, Polish companies are creating new jobs at the fastest rate since 2008.
It appears likely that the prognosis of the Ministry of Labour and Social Policy, according to which the registered unemployment rate in August should drop below 10 percent will be met, although it is not certain. In September or October at the latest, the rate will be at its lowest level in 2015, most likely followed by a moderate increase resulting from the negative impact of seasonal factors. At the end of the year, the registered unemployment rate should oscillate around 10 percent.
Łukasz Kozłowski, economic expert of Employers of Poland