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Labor market CSO data for the third quarter (Labor Force Survey) show an increase in unemployment from 3.6 to 3.8%. In recent years, we have become accustomed to decreasing the number of jobseekers. Why has the situation reversed and if the increase in the percentage of unemployed can be welcomed?
It's better despite the increase in unemployment
About 45 thousand people increased unemployment in the third quarter of this year compared to last quarter. However, in most cases, this does not mean that so many people have lost their jobs, because at the same time, employment has increased by 52,000, reaching 16.62 million people.
An increase in employment and an increase in unemployment must mean that the proportion of economically inactive people has decreased. These people are usually the main problem of the labor market. If someone is not looking for a job, it is very difficult for him to be in the company of employees. However, it is possible that rising wages eventually began to "pull out" some of the passivity and motivate them to try to find a job. Some of them have succeeded and have found a job, and others have not yet found the way to the unemployed.
The rate of work inactivity (ie the percentage of people not looking for a job over the age of 15) dropped to 43.2%. This is always a very high value compared to countries with the best parameters on the European labor market (Netherlands, Sweden or Switzerland – from 31 to 35%), but at the same time in Poland, it is the best result since the third quarter of 2000.
Record of employment
The record level (at least 20 years) also reached the percentage of employees in the population aged 15 to 64, which is considered by Eurostat as the basis for most labor market analyzes. It is currently 68% according to GUS data.
Polish records do not mean, however, that in this competition we are leading the European ranking. We are currently achieving results close to the EU average, with Bulgaria and Ireland. Trade union leaders are countries in which the per capita employment rate is between 75 and 80%. (Czech Republic, Germany, Estonia, Netherlands, Sweden).
To achieve the results of these countries, the Polish economy is expected to generate 2 to 2.5 million jobs. This would require the introduction of broad (eg tax) incentives for the employment of relatively young people (aged 18-24), as well as those approaching retirement age (55-64). years). It would also be necessary to significantly expand the provision of institutional child care and promote part-time employment, so that women have the opportunity to return to work fairly quickly after having a job. child fairly quickly and without problems.
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