Poland's unemployment rate increased by two percentage points in November to 17.6%
Published:
22 December 2003 y., Monday
Poland's unemployment rate increased by two percentage points in November to 17.6%, the national statistics office said on Friday, after slipping for the past few months from record levels.
It said almost 3.1 million people in the country of 38.3 million inhabitants were out of work in the month.
In February the unemployment rate had hit a record level of 18.8 percent in the biggest country on course to join the European Union on May 1.
It dropped to 18.7% in March, before starting to slide from the record levels in April and ending at 17.4% in October.
Unemployment rose sharply in the mid-1990s after a period of strong growth after the fall of communism in 1989.
In preparing its EU membership and restructuring its economy, Poland was forced to shed hundreds of thousands of jobs in the mining, steel and shipbuilding industries, as well as in the areas of education and health.
Analysts expect an upturn in unemployment at the end of the year to 17.75% of the active population.
Šaltinis:
AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »