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Poland's unemployment rate likely to keep rising

3rd October 2012
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A deputy labor minister says it could have been worse

Poland's unemployment lines are getting longer
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Poland's unemployment rate in September likely reached some 12.5-12.6 percent, according to Jacek Męcina, deputy minister of labor. He believes that if Poland's labor fund hadn’t provided an additional zł.500 million to combat unemployment, the rate would have been even higher.

“We would have to deal with a rate of some 12.7-12.8 percent,” Mr Męcina was quoted by Rzeczpospolita as saying. Traditionally, the situation in the labor market gets worse in September as seasonal jobs end. Near the end of the year, the unemployment rate in Poland might exceed 13 percent, writes the newspaper.

In August, Poland's unemployment rate was 12.4 percent. However, a year earlier, in August 2011, it was 11.8 percent. In September last year, the unemployment rate was also 11.8 percent.

Each month this year so far, the unemployment rate has been higher than in the same month in 2011.

Poland A.M.


From Warsaw Business Journal

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