Labor Minister: Unemployment at single-digit figure possible

The Minister of Labor and Social Policy Władysław Kosiniak-Kamysz, said on Wednesday that the unemployment rate towards the end of the year might drop to a single-digit figure. "It seems that when it comes to the labor market, the worst is behind us and in the following months unemployment should fall," the minister announced. He expects that in 2015, unemployment will drop by some 2 percentage points. "If the pace of GDP growth is maintained and we use wisely the PLN 5.5 billion earmarked for the active forms of combating unemployment and for the labor cost subsidies (...) there is a chance that this year's unemployment rate decline will be comparable to last year's," Kosiniak-Kamysz said.