Employment growth may slow down in H2 - NBP
14:14
Despite the continuation of the good conditions on the labor market recorded in Q2, there are signs of a slowdown in employment growth in H2, according to an analysis by the National Bank of Poland (NBP).
“Growth is weakening in the number of people working in the economy as a whole. The number of people employed in the whole economy (Labour Force Survey) was 1.2 percent higher than a year earlier. But in quarterly terms this figure has stopped growing, not only as a result of declines in individual farming, but also due to decreasing growth in the number of people employed outside agriculture,” NBP reported.
Neverthelesss, the NBP noted that the unemployment rate (6.4 percent) and the number of people unemployed in Q2 again reached historically low levels, due to high demand for labor as well as the negative impact of demographic factors.
