Poland's registered unemployment rate remains at 13.0% in October

By bne IntelliNews November 8, 2013

Poland's registered unemployment rate amounted to 13.0% at the end of October, i.e. did not change vs. the previous month, according to the labour ministry's preliminary estimates, based on job centres' data.
At the end of October, the number of the unemployed reached 2,076 thousand people registered at job centres. Thus, it was down by 6.7 thousand on the month. A year ago, the number of unemployed rose by 15.9 thousand people.
Labour minister Wladyslaw Kosiniak-Kamysz noted that the number of registered unemployed fell by 260 thousand people during the last eight months vs. 173 thousand a year earlier. These results as well as other positive signals from the Polish economy allow to hope that the worst is over on the labour market.
The next year's budget draft stipulates that the registered unemployment rate will be 13.8% at the end of both 2013 and 2014. However, the ministry's representatives said they expect the December of 2013 figure to be below 13.8%.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Alior Bank to pay out PLN570mn in first ever dividend

Alior Bank will pay out a dividend of PLN570mn (€122mn) from the profit generated in 2023, the Warsaw-listed lender said on February 28. The payout is in line with recommendations of the Polish ... more

EBRD buys into Poland’s Pekao Eurobond issue

The European Bank for Reconstruction and Development (EBRD) invested €20mn in debut Eurobonds issued by the state-controlled Bank Pekao, the second-largest Polish lender by assets, the EBRD said on ... more

Four Polish lenders form consortium to finance Polsat Plus Group’s wind farm project

PKO Bank Polski, along with three other banks, has entered into a consortium agreement with Great Wind, a subsidiary of the Polsat Plus Group, a media and entertainment company, to finance the ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss