The seasonally adjusted unemployment rate in Poland in October this year, calculated according to Eurostat methodology amounted to 3.1 per cent. The same result was recorded in September this year, while compared to October 2023, the unemployment rate increased by 0.1 percentage point. The number of unemployed stood at 544,000 in this period.

Poland was thus ranked 3rd among EU countries with the lowest unemployment rate. The lowest unemployment rate was recorded in the Czech Republic (2.6 per cent) and Malta (3 per cent). Spain (11.2 per cent) and Greece (9.8 per cent) remain the countries with the highest unemployment rates.

The EU unemployment rate in October 2024 was 5.9 per cent, decreasing by 0.2 percentage points compared to October last year and remaining unchanged in relation to September 2024.

Youth unemployment decreasing

What is the situation among young people? The unemployment rate in Poland among people under 25 fell from 11.7 per cent in October 2023 to 10.8 per cent in October this year. Compared to September this year, it has decreased by 0.1 percentage point.

In the European Union, the youth unemployment rate stood at 15.2 per cent in October this year, up 0.1 percentage point YoY and down 0.1 percentage point compared to the previous month.

What kind of conclusion can be drawn?

The labour market situation in Poland remains significantly better than the EU average. Considering the unemployment rate almost twice as low and no disturbing fluctuations over the months, the situation can be recognised as stable.