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Selected tag: labour market
1 week ago
US tariff policy steals the show
Macro Compass April 2025 - our macroeconomic forecasts for Poland, preview of monthly data readings and the expected scenario of events on the financial markets
4 weeks ago
Poland's labour market got chilly in February
In February, we saw an unexpectedly strong slowdown in wage growth to 7.9% yoy from 9.2% a month earlier. This is a very important sign for the prospects of Poland's economy, although one swallow does not make a summer. In addition, we learned about, as it turned out, the predictable employment reading, which fell by 0.9% yoy in February, similarly to January.
5 weeks ago
Tariff carousel pushes macro into the backseat
Macro Compass March 2025 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
1 month ago
Poor start to the year for the Polish labor market
The January wage reading was in line with the consensus (9.2% yoy), but the growth rate still means persistent strong wage pressure, which may worry the MPC. In addition, we saw a strong disappointment in employment growth (-0.9% yoy vs. expected -0.7%), which is not a result of a sudden collapse in the labor market. Below we explain what factors caused such a deep drop.
2 months ago
Tariffs on, tariffs off
Macro Compass February 2025 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
2 months ago
Cooling of the Polish labor market in December
December turned out to be a month full of disapointments. Wage growth slowed to a single-digit level, which we haven't seen for a full year. In turn, employment deepened its declines to -0.6% yoy.