Poland's July jobless rate falls to nine-month low of 11.7%.

By bne IntelliNews August 25, 2011
Poland's unemployment rate fell to its nine-month low of 11.7% in July 2011, the statistics office said. The rate decreased for the fifth straight month and was lower than June's of 11.8%. A year ago, the rate stood at 11.5%. The number of unemployed people in the country was 1.863mn, of whom 198,500 were newly-registered. A few days ago, Poland's labour minister Jolanta Fedak said that slower economic growth may endanger the government's efforts to cut the unemployment to below 11% by the end of the year. The country's gross domestic product grew by 4.4% in the first quarter and analysts expect the growth to slow down in the second quarter. Poland's employment grew at its lowest rate this year at 3.3% in July.
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