Alexa

Polish unemployment rises to 10.8 percent in July

Polish unemployment rises to 10.8 percent in July

Poland's jobless rate rose slightly to 10.8 percent in July, from 10.7 percent the month before, the government data showed Tuesday, as the prime minister said the nation will no longer seek to adopt the euro in 2012.
Prime Minister Donald Tusk said his government has abandoned its plan for adopting the euro, acknowledging economists' assessment that the timeline is no longer realistic.
Tusk declined to name a new date saying, "We are not sure that it will be easier to implement than the first one."
The Central Statistical Office said 1.67 million of the nation's 38 million residents were out of a job at the end of July, compared to 1.66 million jobless in May.
July is the first month since March that unemployment has risen. In March, it hit a high of 11.2 percent due to the global financial crisis.
Since then it has been inching down due to a seasonal increase in farming, construction and forestry jobs.
Before the worst of the financial crisis, in October, the jobless rate was 8.8 percent.


Updated : 2021-03-07 19:50 GMT+08:00