Unemployment Continues to Fall

Future Looks Bright

Future Looks Bright

According to GUS (the Central Statistical Office of Poland), the unemployment rate fell by 0.5% in one month to bring the rate to 10.3% in June. Falling unemployment is a continuing trend in Poland and suggests that it may soon drop to below the magic rate of 10%. Last year the unemployment rate averaged 12% across the country. Experts believe that the tendency is thanks to steady economic growth, which enables employers to hire more people and has also triggered an improvement in the quality of work places. In June, reports on industrial production revealed a growth of 7.6%, and an increase in retail sales of 6.6%. The unemployment rate fell across all regions of Poland but primarily in ones where the level of unemployment was highest. In Warmia and Mazury, the unemployment rate dropped by 0.7% in a month. It is estimated that the unemployment rate will continue to fall until September or October and stabilise at under 10%.
forbes.pl

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