Poland’s registered unemployment edges down by 0.1 ppt to 9.6% in October

Poland’s registered unemployment rate edged down to 9.6% in October from a prior-month level of 9.7%, according to Central Statistical Office (GUS) figures released Wednesday.

The number of registered jobless at end-October measured 1.517 mln, versus 1.539 mln in the month-prior reading.

The number of new registrations measured 211.4k, down by 7.1% m/m and 9.0% y/y. At the same time, 233.8k were crossed off the register.

Employers filed 82.6k job offers in October, down from 97.0k in September.

At the same time 218 companies declared laying of 25.3k employees in the coming period.

The unemployment rate was down in all 16 Polish regions.

The headline reading is in line the Labor Ministry’s prior estimate of 9.6%.

Poland’s harmonized unemployment rate, as measured by a labor force survey, decreased to 7.1% in Q3 2015 from 7.4% in Q2, stats office GUS said in a statement.

The rate of economically active population measured 56.4% and was up from 55.8% in Q2. The employment rate measured 52.4% in Q3, up from 51.6% in the previous quarter.

nik/ ami/ maf

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