Feb 13 β€’ 13:00 UTC πŸ‡΅πŸ‡± Poland Rzeczpospolita

Is higher unemployment returning?

In Poland, the unemployment rate is currently at 6%, and while concerns are minimal, the best times for workers seem to be over according to economist Piotr Kalisz.

In January, Poland's unemployment rate stood at 6%. According to Piotr Kalisz, the chief economist at Citi Handlowy, there is no significant cause for alarm; however, he notes that the peak conditions favorable to workers may have passed. Kalisz suggests that the labor market is not expected to return to its state from two years ago, which was characterized by high wage pressure and favorable conditions for job seekers, at least not in the near future.

Kalisz emphasizes that despite the challenges in the labor market, the economy appears to be on an upward trajectory. This indicates that while the job market may not be as advantageous for workers as it was two years ago, there are currently no visible signs suggesting that the situation will worsen significantly. This perspective provides some reassurance amid concerns about potential rising unemployment.

One caveat highlighted by Kalisz is the uncertainty that hangs over the labor market, hinting that various external factors could influence future employment rates. Overall, the current situation reflects a cautious optimism about Poland’s economic outlook, as improvements in various sectors might mitigate any alarming trends in unemployment for the time being.

πŸ“‘ Similar Coverage