Poland: EU-harmonised jobless rate holds at record low of 3.8% in Nov

Poland’s EU-harmonised unemployment rate held at 3.8% in November, as it has for eight straight months, according to seasonally but not calendar adjusted Eurostat data published on Wed.

At some point, Eurostat had estimated the seasonally adjusted jobless rate had fallen to 3.4%, but this has since been revised up and 3.8% is the lowest rate since Eurostat began publishing data for Poland in 1997. The unemployment rate fell 0.7pp from 4.5% the previous year. The seasonally adjusted unemployment total fell to 647,000 from 654,000 in October and 769,000 the year before.

The non-adjusted unemployment rate fell 0.1pp m/m to 3.8% in November from 3.9% in October. The total fell 0.7pp y/y. The unseasonally adjusted jobless rate remains well below the 5.7% registered unemployment rate reported for November by the Central Statistical Office (GUS) on the basis of labour office data. The unadjusted Eurostat-reported unemployment total was 661,000, down from 670,000 the month before and 770,000 the year before. The registered unemployment reported by GUS was 951,000 in August, GUS said.

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