Poland Employment Growth Steady in May

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Corporate employment growth in Poland was unchanged at 0.4% year-on-year to 6.518 million people in May, the Central Statistical Office (GUS) said Wednesday, remaining at its softest rise since March 2021.

On a monthly basis, employment fell 0.1%, due to layoffs of workers in the units, end of fixed-term contracts and not extending them to employees. Poland's corporate sector wage growth edged up to 12.2% year-on-year to PLN 7,181.67 (EUR 1,619.40) in May from 12.1% in April, the Warsaw-based statistics agency said in a separate statement.

Compared to the previous month, wages dropped by 3.4%, driven by smaller scale of additional payments, particularly quarterly & annual bonuses, jubilee awards and retirement severance pays.

Decreases were seen for most sections, notably in agriculture, forestry & fishing (PLN 8,317.73 vs PLN 10,854.40 in April) and mining & quarrying (PLN 10,201.34 vs PLN 13,271.41).

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