17:29 21 July 2025
Bank Pekao: economic acceleration may help employment
Economists at Bank Pekao expect that stronger economic growth and increased investment in H2 2025 could support sluggish employment recovery. According to GUS, average gross wages in June rose 9% y/y to PLN 8,881.84, exceeding expectations due to mining sector raises and a low base last year. Real wage growth stood near 4%, with forecasts suggesting it may reach 6% as inflation eases. However, employment declined 0.8% y/y, despite a small monthly increase.
Nearly 20,000 jobs have been lost since January. Analysts note wage pressure remains high, potentially impacting inflation, but see easing in employer concerns. Employment trends remain mixed, with industrial job losses offset by gains in professional and technical services.
(pb.pl)
