Poland Unit Labour Costs - Forecast

Labour Costs in Poland is expected to be 116.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Poland to stand at 105.10 in 12 months time. In the long-term, the Poland Unit Labour Costs is projected to trend around 106.00 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Poland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.9 5.6 5.4 5.2 5.1 5.1
Employed Persons 16344 16900 17100 17200 17300 18000
Unemployed Persons 962 995 991 989 989 980
Long Term Unemployment Rate 1.1 1.6 1.6 1.5 1.6 1.7
Youth Unemployment Rate 10.8 12.6 12.5 12.2 12 10
Labour Costs 112 116 103 106 105 106
Productivity 118 115 139 114 118 146
Job Vacancies 111 115 75 115 130 85
Wages 4521 4650 4700 4750 4650 4850
Wages in Manufacturing 4631 4500 4600 4600 4550 4750
Wage Growth 7.2 6.1 5.1 4.5 4.2 3
Minimum Wages 503 525 525 560 560 625
Population 37.98 37.98 37.98 38 38 38.06
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 56 56.5 56.4 56.3 56.6 56.2
Part Time Employment 1044 1150 1170 1190 1200 1320
Employment Change 3.5 3.4 3.2 3 2.8 2
Employment Rate 66.6 66.7 66.8 66.9 66.9 67.5
Full Time Employment 14965 15600 15700 15800 15900 16900