Bloomberg News

Polish Sept. Jobless Rate Rises to 11.7%, Ministry Says

October 06, 2011

(Updates with minister’s comments in fourth paragraph.)

Oct. 6 (Bloomberg) -- Poland’s unemployment rate increased to 11.7 percent in September as seasonal summer work in tourism and agriculture ended, the Labor Ministry said.

The number of jobless totaled 1.86 million, with the rate rising from 11.6 percent in August, the ministry said in a preliminary estimate sent by e-mail.

Poland’s economy, the only one in the European Union to avoid a recession in 2009, has shown signs of slowing less than others in the bloc as the sovereign-debt crisis damps demand for its exports. The number of new jobs offered by employers fell by 4,000 from August to 68,500, according to the ministry.

“The movement on the Polish labor market is still only of a seasonal nature and we see no impact from the threat of an economic slowdown for now,” Labor Minister Jolanta Fedak said at a press conference yesterday. “We also think keeping decent growth of between 3.5 percent to 4 percent next year shouldn’t cause any major risk to our labor market.”

She added that “it would be improbable” to lower the unemployment rate to below 11 percent this year as the government planned.

--Editors: Alan Crosby, Douglas Lytle

To contact the reporters on this story: Dorota Bartyzel in Warsaw at dbartyzel@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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