GUS: in January increased employment and wages – Onet.pl

GUS: in January increased employment and wages – Onet.pl

On a monthly basis, the average salary decreased by 10.0% and amounted to 3942.78 zł. In contrast, employment in companies on a monthly basis increased by 0.4% m / m and amounted to 5572.7 thousand. persons specified in the message.

Thirteen analysts surveyed by ISBnews felt that employment growth in the enterprise sector amounted to 1.4-1.9% y / y in January in December, at an average of 1.62% (compared to 1.1% y / y in December ub.r.).

These economists had expected wages in the sector in the last month increased by 2.5-3.8 y / y, with the average the level of 3.27% y / y (compared to 3.7% growth in December ub.r.).

As analysts note Macroeconomic Research Bureau of Bank Millennium, compared with December the number of employees in enterprises employing more than 9 employees increased by 23 thous., which is related to the annual verification of the number of employees in the surveyed companies and re-qualification for the sample. “We expected that the effect of changing the attempt will be somewhat stronger, however, and so the increase in employment in January exceeded recorded in the first month of 2013. The data support the growing demand for labor. Companies are now in a good financial situation, find a market for their goods and optimistic about the future . As a result, do not hesitate to increase employment (as well as invest) “- emphasized in the comments sent to the editor of Onet.

” Corporate wages grow at a stable pace, in January the average salary amounted to 3942.78 zł and was 3.6% higher than a year earlier after rising by 3.7% y / y in December. Wage bill in the enterprise sector increased in nominal terms by 4.9% y / y in real terms this growth amounted to 6.2% y / y was the highest since November 2008. Falling prices increase the purchasing power of income from work, which positively translates into consumption. The situation on the labor market is therefore currently support consumption growth, we expect that in 2015. It will increase by 3.3%, and will be a strong pillar of our growth expected at 3.5% “- noted analysts.

Experts Macroeconomic Research Bureau of Bank Millennium conclude that from the point of view of monetary policy, these data do not change expectations on the reduction of 25 basis points in interest rates at the MPC meeting in March. “The economy does not need more impulse current monetary and nominal wage growth is small” – underlined.