Labour costs and unemployment in Poland in 2014

Abstract

How to reduce the level of unemployment? There are many solutions indicated on a scale of national economic policy and practical instruments used in the world. In this paper there was presented one factor that has a significant impact on the unemployment rate, namely labor costs. For this purpose, an analysis has been made in labor costs incurred in 2014 by the employer in respect of employment of a employee under an employment contract for minimum wage. Then, using the latest data released by the Central Statistical Office, there was presented the level and structure of unemployment in Poland from January to October 2014. The next part of the paper presents different levels of unemployment rates for provinces in Poland based on data from the end of October 2014. At the end there were proposals recommended in what way it is possible to try to help to reduce the unemployment rate.