Welfare Index up by 2.7 pts m/m in February
23:36
Welfare Index which reflects the economic condition of Polish society rose by 2.7 points in February this year compared to the previous month's value, the Biuro Inwestycji i Cykli Ekonomicznych (BIEC) reported. The improvement of the index was due to the increase in the number of employees.
"After a sharp reduction in employment at the beginning of the pandemic in 2020 and its slight rebound in the fall of 2020, the entire year 2021 was marked by stagnation in the number of employees. Until now, it has not returned to the pre-pandemic level. However, data for January this year have brought an increase in the number of employees by 1.5 percent to the previous month and by over 2 percent compared to January last year. Probably we are dealing here with the effect of post-pandemic stabilization and return to higher activity than in the last two years, especially in the service sectors particularly affected by administrative This is evidenced by the high dynamics of the number of people employed in the accommodation and catering sector, where employment increased by nearly 9% annually," the report reads.
There has also been an increase in employment in the information and communication sector by more than 10 percent over the last year, the BIEC emphasized.
(ISBnews)
