Poland unemployment rate likely fallen in July

Due to seasonal effects, decrease in unemployment rate is usual in summer as there are temporary job offers reported. Societe Generale estimates, Poland unemployment rate declined to 10.1% in July from 10.3% in June, and the seasonally-adjusted (SA) unemployment rate is expected to be close to 10.5%. 

According to the Polish Labour Ministry, there were 117,000 job offers reported in July (representing a 22% yoy increase). Moreover, the number of unemployed people was 35,100 lower than in June and remains the lowest since 2008. The unemployment rate to be below 10% starting from August and close to 10.0% at the end of 2015, says Societe Generale.