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Tuesday, June 26, 2007

Polish Wages Rising

From Bloomberg today:

June 26 (Bloomberg) -- Poland's unemployment rate fell in May to 13 percent, close to an eight-year low, as economic growth picked up, the Central Statistics Office said in Warsaw.

The number of unemployed totaled 1.985 million, down 5.6 percent from April and 23.1 percent from May last year, when the rate was 16.5 percent.

Polish companies are boosting hiring after the economy expanded 7.4 percent in the first quarter, the fastest rate in a decade. Gross domestic product is expected to grow 6.5 percent this year, compared with 6.1 percent last year.

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