Employment stable despite end of Covid-19 relief programmes - report

The end of state coronavirus economic support programmes has not had any negative effects on the labour market, an economic think-tank said in reaction to the latest employment data.

The Central Statistical Office (GUS) said on Monday that in June, Poland's corporate employment increased by 2.8 percent year on year and 0.3 percent month on month, whereas the average corporate gross wage rose by 9.8 percent year on year.

Data from the enterprise sector indicate a stable situation on the domestic labour market, the Polish Economic Institute (PIE) wrote on Monday.

"The following months will bring lower annual growth and, in this case, the period of the normal functioning of the economy will be the reference point," PIE said.

However, according to the authors of the report, research on the economic situation allows for optimism.

Monthly reports by GUS indicate that the Covid-19 epidemic now has a lesser effect on the financial situation of domestic businesses with almost 80 percent of industrial and construction firms, and 60 percent of commercial and transport companies reporting "a slight or minor impact," PIE wrote.