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Monday, December 11, 2023

Salaries are rising. Latest data available

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The Central Statistics Office has published the latest wage data. Average wages in the business sector increased by 12.8%.

The average salary in the sector of enterprises (those with more than 9 employees) increased by 12.8% in October. on an annual basis, while employment at enterprises decreased by 0.1%. Every year. On a monthly basis, the average salary increased by 2.2%. and amounted to 7,544.98 zlotys. However, monthly employment at enterprises remained unchanged and amounted to 6494.1 thousand people. staff positions.

Salary increase higher than expected

Tuesday’s data surprised analysts. Economists had expected annual wage growth to be 11.8 percent. They also did not expect employment to decline; most analysts believed it would remain unchanged.

“Employment in October decreased slightly compared to last year (-0.1%). Since the beginning of 2023, the number of jobs in the business sector has decreased by 36 thousand. The weaker employment dynamics are the result of reduced hiring associated with the economic downturn,” the Polish Economic Institute wrote on Twitter.

  • Economy

Source: Wprost

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