In line with expectations, registered unemployment declined only slightly in March, to 14.3 percent from 14.4 percent in February, according to data from statistics office GUS. The figure equals the Labor Ministry's estimate from earlier this month.
In an e-mailed comment, Bank Zachodni WBK wrote that the “decline in the unemployment rate in March did not come from the improvement of the labor market situation, but mainly from intervention of the Labor Ministry.”
The bank's analysts added that in the coming months they expect “slightly more pronounced declines of the unemployment rate, provided that the situation in the euro zone improves.”
There were 2,141,900 jobless persons registered in Poland in March compared to 2,336,700 in February, GUS said. The number of newly registered unemployed persons was 213,900 in March, compared to 224,900 in February and 193,700 in March 2012.
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