Labor Minister stands by job promises despite gloomy outlook for next year
The government has warned that the weak economy could force unemployment up
sharply next year, after fresh data showed the number of people out of work
neared three million in October. According to Central Statistical Office (GU
S) figures released yesterday, the unemployment rate rose to 16.4% in Octobe
r, from 16.3% in September and 14.1% a year ago. The number of unemployed la
st month rose to 2,944,000, up a third of a million year-on-year. The govern
ment accepts that worse is to come. In its 2002 austerity budget, the jobles
s rate is forecast to rise to 18.6% by the end of next year. "This is a cons
ervative forecast. We have to make pessimistic assumptions," said Labor Mini
ster Jerzy Hausner. However, he stood by the government's election pledge to
reduce unemployment significantly over its four-year term. (Reuters)