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Poland Employment Growth Slows, Avg Wages Rise in November

Analysis

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Corporate employment in Poland rose 2.3% year-on-year to 6.508 million people in November, easing from a 2.4% growth a month earlier, data released by the Central Statistical Office (GUS), showed on Tuesday.

On a monthly basis, employment went up 0.1%, equivalent to an increase of approximately 6.600 full-time workers, led by admissions in units.

In a separate statement, the Warsaw-based agency said that Poland's corporate sector wages climbed by an annual 13.9% to PLN 6,857.89 (EUR 1,465) in November, accelerating from 13% increase in the previous month and beating the market expectations of 13.3% growth.

On a monthly basis, corporate wages advanced by 2.5%, driven among others by payments of quarterly, Christmas bonuses, Miner's Day awards, annual awards, pay rises, and bonus payments due to inflation and overtime pays.

Gross wages and salaries increased in most sections, led by mining & quarrying (up by 64.3% to PLN 14,178) and electricity, gas, steam, and air conditioning supply (up by 15.6% to PLN 10,431).

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