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Friday, December 3, 2021

European Union. Work – Poland recorded a rise in employment throughout the yr

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Poland is the one massive nation within the European Union the place employment has elevated over the previous yr, the Prime Minister’s workplace introduced on Friday night, citing Eurostat information. Within the opinion of Ignacy Morawski from spotdata.pl, “Poland has its second”. “It seems like a ‘inexperienced island'” – commented Piotr Bujak, chief economist at PKO BP.

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Eurostat reported that employment in Poland, measured by the variety of folks employed, elevated by 0.5 % yr on yr within the third quarter. The Authorities Data Heart drew consideration to the information of the European statistical workplace on Friday night.

“Poland is the one massive EU nation the place employment has elevated over the past yr – by 0.5 %” – indicated.

Other than Poland, Malta and Luxembourg additionally recorded a rise in annual phrases, by 2.Four % and 1.9 %, respectively. Alternatively, the biggest decline was recorded in Spain – 5.Zero %, and in addition in Estonia – 4.7 %.

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The European statistical workplace additionally reported that employment, measured by the variety of folks employed, within the third quarter alone elevated by 1.2 % in Poland in comparison with the second quarter of this yr. On this case, the checklist of nations that recorded progress is for much longer.

Eurostat information exhibits {that a} greater quarterly progress than in Poland was recorded in Eire – 3.Three %, Spain – 3.1 %, Austria – 3.Zero %, Hungary – 2.Four %, and the Netherlands – 1.6 %, Latvia – 1.Four %, France – 1.Three %, and Luxembourg – 1.Three %. As well as, will increase of 1.2 % – as in Poland – had been recorded in Greece and Portugal.

Employment measured by working hours elevated in Poland quarterly by 3.eight % and 0.9 % yearly. The remaining EU nations had a damaging indicator, apart from the Czech Republic, the place the variety of hours labored was the identical as within the second quarter of 2020.

Poland is a “inexperienced island”

The newest Eurostat information was beforehand commented on on Twitter by Piotr Bujak, chief economist of PKO Financial institution Polski. “It seems like a ‘inexperienced island’. Graphics primarily based on Eurostat information exhibiting employment modifications in EU nations throughout 3q20” – we learn within the entry.

– In keeping with Eurostat information, the decline in labor demand, measured by the variety of working folks and the variety of hours labored, was minimal within the second quarter, and within the third quarter we had been the one financial system that recorded a rise in each classes – he identified in an interview with PAP. – By way of the variety of workers, Malta and Luxembourg have matched us, however that is related to the intensive use of decreased time – he added.

In keeping with Bujak, the Polish financial system confirmed nice resilience, it managed to avoid wasting jobs within the interval when the worldwide financial system skilled an enormous shock. – Anti-crisis devices, specifically the Monetary Protect of the Polish Growth Fund (Polish Growth Fund – ed.), Performed a key position – he identified.

In keeping with Bujak, the cash from the so-called protect, together with the advance within the epidemic within the third quarter, allowed firms to rebuild their exercise in a short time. – First, throughout the greatest shock, we managed to keep up employment, and within the third quarter it was even doable to extend it – added the economist.

Ignacy Morawski from spotdata.pl commented on the employment information that “Poland has its second”.

“One other disaster through which we’re structurally fortunate. Why one other? As a result of the final 2-Three crises affected primarily developed nations. We use the delay bonus. We now have smaller money owed, fewer companies, we crack plenty of washing machines, cupboards and numerous components” – mentioned the economist in Twitter put up.

Major picture supply: Shutterstock



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