Poland's stable growth of employment continued and solid growth of wages likely in June

On account of the active labour market policy of Poland's Poland's Labour Ministry, employment growth is expected continue to increase in the coming months. 

Societe Generale expects the overal employment growth to be above 1.0% yoy in 2015, and in the corporate sector 1.1% yoy in June while in monthly terms it is likely to increase at the rate of 0.2%. 

"The number of employees should increase to around 5.59m, which is nearly 60,800 more than a year ago, whereas, average gross wages are likely to grow at 4.4% yoy in June from 3.2% yoy in May and an increase of 2.9% mom. Real wages growth is still being supported by deflation and is likely to increase by 5.1% yoy. On the assumption that employment grew by 1.1% yoy in June, real wage bill growth should amount to 6.3% yoy (the highest level since March 2015), which is a sign of continuing improvement in the labour market and should have an impact on household purchasing power", according to Societe Generale.