Polish unemployment rate increases

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Health threat of petrol vapour set to evaporate

When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves. more »

Falling EU economy set to stabilise as measures take effect

The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010. more »

ATM outsourcing helps struggling FIs cut costs

In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative. more »

Reining in risky investing

Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices. more »

Ways Are Sought to Defend Lithuania’s Business Interests Better

On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”. more »

As the number of e-banking users rapidly increases, Bank SNORAS improves this service

Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system. more »

Paying for the grey

2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback. more »

3rd Energy Package gets final approval from MEPs

More choice, investment and security of supply lie at the heart of the 3rd energy package. more »

Swine flu fears boost drug giants

Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits. more »

Europe's cross-border deal hunters

Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership. more »