Polish Unemployment Rate Rises To 13.4 Percent
WARSAW, Poland (AP) â¿¿ Poland's unemployment rate climbed to 13.4 percent in December, from 12.9 percent the previous month, due to an economic slowdown and a seasonal loss of many outdoor jobs.
The Main Statistical Office said Thursday that some 2.14 million people in this nation of 38 million were without a job at the end of December.
Unemployment usually rises in Poland in winter, when outdoor jobs are lost due to snow and low temperatures. Additionally, Europe's economic jitters have affected Poland, where growth is expected to slow to about 1.5 percent this year, from an estimated 2.3 percent in 2012 and 4.3 percent in 2011.
Some industries, such as car manufacturing, have been hit by massive layoffs and more jobs are to be lost this year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV