- Poland’s unemployment rate increased slightly to 5% in July, up from 4.9% in June.
- Despite the rise, the unemployment rate remains one of the lowest in over 30 years.
- Since 1990, Poland’s average unemployment rate has been 11.68%.
Warsaw, August 26 (FinanceFlashNews.com) – Poland’s unemployment rate edged up slightly in July, but it continues to hover at one of the lowest levels in over 30 years. According to data from the Polish statistical office (GUS), reported by PAP and tradingeconomics, the unemployment rate in July reached 5%, compared to 4.9% in June.
Although the unemployment rate increased, it fell short of economists’ expectations, who had predicted it would remain at 4.9%. This slight increase still means the unemployment rate is at one of the lowest levels since record-keeping began in 1990. June of this year marked the first month since August 1990 that unemployment in Poland dropped below 5%.
Table: Historical Overview of Unemployment in Poland
| Period | Unemployment Rate |
|---|---|
| January 1990 | 0.3% |
| February 2003 | 20.7% |
| Average (since 1990) | 11.68% |
| June 2024 | 4.9% |
| July 2024 | 5% |
Keywords: unemployment in Poland, Polish economy, GUS, labor market, historical unemployment
