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Selected tag: labour market
2 months ago
Trends in the Polish labor market confirmed in October
The labor market situation in October was almost identical to that of September. Wage growth remained slightly above 10% year-on-year, while employment again declined by 0.5% year-on-year (though it was very close to a 0.6% drop). Significant changes in these trends are unlikely before the end of the year.
3 months ago
Labor market loses momentum in September: employment falls and wage growth slows
The labor market is gradually losing momentum, but it’s hard to call it a slowdown—it’s more akin to a car coasting in neutral, where friction between the tires and the road does the work. In September, wages rose by 0.8% compared to August, seasonally adjusted, roughly the same rate as in the past four months. Meanwhile, employment declined by another 8,000 positions.
4 months ago
Hawkish spring, dovish autumn
Macro Compass October 2024 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
4 months ago
This is not what a strong labor market looks like
August labor market data came as a negative surprise. While wages continued to grow rapidly (+11.1% year-on-year), employment in the corporate sector fell by 26,000 positions compared to July.
5 months ago
Mirage of cutting interest rates in Poland
Macro Compass September 2024 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
7 months ago
Polish assets will benefit from high rates, despite geopolitics
Macrocompass for July and August 2024 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets.