End-year unemployment to be below 12.5%

Poland’s registered unemployment rate at the end of 2014 may fall below the 12.5 percent level that was set in the budget framework, Finance Minister Mateusz Szczurek said in parliament on Wednesday. “There is a chance that it will be lower than 12.5 percent. And this is not because of emigration, but due to employment growth in the economy,” Szczurek said. The minister was discussing the budget draft for 2015, which assumes that unemployment will be at 12.5 percent at the end of this year. In September, the rate was 11.5 percent.