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Wages growth in the private sector slowed down in August from 7.4% to 6.8% year-on-year. Another significant impulse should come in January 2020 with a strong increase in the minimum wage (15.6% in 2020). It is expected to result in a 1.2 to 1.5 percentage point increase overall. Employment growth decelerated from 2.8% to 2.6% YoY, slightly below expectations (2.7%). Recent official GUS surveys highlight reduced demand for workers - the number of vacancies reported by firms in the second quarter was 7.8% lower compared to the previous year. This trend is likely to continue in the coming months.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
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You may find further information on the ETUI at www.etui.org.