Number of over-50s in labor force declines in Poland

Analysis

Photo by Shutterstock.com

The number of people aged 50 and over, who participate in the labor force in Poland, declined by 46,000 in 2019 compared to a year earlier, news portal Notesfrompoland.com said citing latest data from the country's Statistics Office (GUS).

The drop has been driven largely by an exodus of women from the workforce. Given Poland's demographic situation, this could become a growing problem, warned the statistics agency.

"Faced with an ageing population, increasing employment of the older unemployed, as well as their professional activation, could become a priority of labor market policy," it said.

The number of over-50s in the labor force – which includes both people in work and seeking employment – fell to under 4.6 million in 2019, and was around 1% lower than the previous year. The labor force participation rate among all over-50s stood at 33.4% in 2019, which was 0.4 percentage points lower than in 2018 and 22.9 percentage points below the level for the general population.

Among the 46,000 over-50s who left the job market, 32,000 (70%) were women. Just one in four (26.2%) women aged over 50 years remained economically active in 2019, compared to 42.5% of men. Poland's population has long been ageing, as Poles living longer lives, start families later and have fewer children. By 2019, 37.4% of the population was above the age of 50. 

ADVERTISEMENT

Slovenia consumer morale down in November Analysis

Slovenia consumer morale down in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.