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Unemployment according to GUS. “The restrictions did not have any serious effects on the labor market at the beginning of the year”

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According to the data of the Central Statistical Office, the unemployment rate in January 2021 was 6.5 percent compared to 6.2 percent in December 2020. Economists point out that the increase in the number of unemployed in January was one of the lowest for this month in history.

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According to the Central Statistical Office (GUS), the number of unemployed registered in labor offices in January was 1.9 million. against 1 million 46 thousand people in December.

Earlier, the Ministry of Development, Labor and Technology informed that according to the ministry’s estimates, the unemployment rate in January rose to 6.5 percent.

“It’s mainly a seasonal effect”

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“The unemployment rate in January increased to 6.5% (previously 6.2%). This is mainly a seasonal effect. The unemployment rate measured according to BAEL fell in Q4 to 3.1% from 3.3% (revised) in the previous quarter “, we read in the commentary of mBank economists.

As reported on Tuesday by the Central Statistical Office, the unemployment rate calculated according to the Labor Force Survey (BAEL) in Poland in the fourth quarter of 2020 was 3.1 percent. against 3.3% in the third quarter. The professional activity rate in the fourth quarter of 2020 was 56.5%. against 56.9 percent a quarter earlier, while the employment rate was 54.7 percent. against 55.0 percent in Q3 2020

“Preliminary estimate confirmed – the unemployment rate increased to 6.5 percent in I, in line with the seasonal pattern. Monthly increase in unemployed lower than in recent years. The continuing restrictions did not have any serious negative effects on the labor market at the beginning of the year,” experts write. Pekao analyzes.

“The Central Statistical Office confirmed that the unemployment rate registered in January was 6.5 percent, 1pp above the previous year’s level. The increase in the number of unemployed in January 2021 by 44 thousand was one of the lower for this month in history, confirming the effective hibernation of the labor market” – commented PKO Research economists.

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