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Unemployment rate to fall to 11.3% in 2011


With economic conditions showing gradual improvement and with demand for seasonal workers rising as spring arrives, we expect the situation on the labour market to start recovering more strongly in the months ahead. Another factor that should help drive the jobless rate down is the full opening of the German labour market to workers from Poland effective from 1 May. Therefore we forecast that at the end of 2011 the registered unemployment rate will be 11.3%.

Paweł Sionko
Construction Market Analyst, PMR

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