Employment down, wages up in Polish firms y/y in October: stats office

Employment in Polish companies dropped by 0.5 percent in October on average in year-on-year terms, the country’s statistics office reported on Monday.

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Meanwhile, average wages in Poland's corporate sector in October increased by 10.2 percent compared with the same month a year earlier, the state-run Statistics Poland (GUS) agency said.

In October 2024, average #employment in the enterprise sector was 0.5% lower than a year ago.https://t.co/Q5qkKKAoBr#StatisticsPoland #statistics pic.twitter.com/xnTanLOqLF

— Statistics Poland (@StatPoland) November 25, 2024

The average gross Polish monthly wage last month was PLN 8,316.57 (EUR 1,920, USD 2,010), according to the statistical office.

The average monthly #wages (gross) in the enterprise sector in October 2024 was 10.2% higher than a year ago.https://t.co/Q5qkKKAoBr#StatisticsPoland #statistics pic.twitter.com/8Tda3VbgRd

— Statistics Poland (@StatPoland) November 25, 2024

The figures are for companies with more than nine employees.

The Ministry of Family, Labour and Social Policy estimated earlier this month that Poland's unemployment rate held steady at 5 percent in October, unchanged from the previous three months.

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Source: IAR, PAP