Societe Generale notes... We expect the unemployment rate to remain unchanged in February. Our forecast is in line with market expectations and labour ministry data. According to the Polish labour ministry,95,100 job off…
We expect the unemployment rate to remain unchanged in February.
Our forecast is in line with market expectations and labour ministry data.
According to the Polish labour ministry,95,100 job offers were reported in February, representing 30% growth mom.
Also, the number of unemployed people was only 1,000 higher than in January and 336,000 lower than a year ago.
The ministry is supporting jobseekers and plans to spend PLN5.5bn this year on active labour market policy programmes for young people, parents and the elderly (50+).
We expect the unemployment rate to be close to 10.0% at the end of 2015.
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