Poland’s registered unemployment rate at the end of January 2014 stood at 14 percent, up by 0.6 percent month-on-month.
The ministry expects the unemployment rate to increase further in February, but at a slower rate than in the previous month.
“Prospects for February are better than they were for January,” Deputy Labor Minister Jacek MÍcina told the Polish Press Agency. “Unemployment will certainly not increase by 0.6 percentage points, as was the case in January,” he added.
The ministry attributes the increase to three factors: expiry of many term contracts and subsidized works as well as the end of many seasonal jobs. The severe weather in January also played a factor in the rising figure. Ministry upholds its forecast of reaching the unemployment rate of below 13 percent, by the end of this year.
From Warsaw Business Journal
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