11/08/2006

Poland's unemployment falls to 14.9 percent in October, preliminary figures show

Poland: Poland's unemployment rate fell to 14.9 percent in October from 15.2 percent in September in continued improvement amid strong economic growth, the Labor Ministry said Tuesday.

The jobless rate compares with 17.3 for the same month a year ago and was brought down partially by the economy's approximately 5 percent annual growth.

The Central Statistical Office will issue official October unemployment data in late November. However, those data seldom diverge by more than one-tenth of a percentage point from the preliminary Labor Ministry figures.

Poland's unemployment rate has gradually declined since reaching a post-communist peak of 20.7 percent in February 2003.
Since Poland joined the European Union in 2004, hundreds of thousands of Poles have emigrated to Britain, Ireland and other Western countries to seek higher paying jobs — an exodus also believed to be easing the unemployment crisis at home.
Source:iht.com



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