Posted:
28.10.2024 11:48:00
EDB: wages in Belarus keep growing
The Eurasian Development Bank (EDB) noted that the wages in Belarus continue their growth, sb.by reports citing EDB’s weekly macroeconomic review
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“Real wages grew 12.5 percent in September 2024 after a 12.3 percent growth observed in August, facilitated by the base rate hike on September 1st,” the review states.
EDB analysts point out the labour market situation as a key factor shaping the wages dynamics. The steadily growing number of vacancies (+21.6 percent in September) is felt more acutely by the shrinking number of people in active workforce (-0.8 percent in August). The unemployment rate hit the record minimum: 2.9 percent.
EDB analysts point out the labour market situation as a key factor shaping the wages dynamics. The steadily growing number of vacancies (+21.6 percent in September) is felt more acutely by the shrinking number of people in active workforce (-0.8 percent in August). The unemployment rate hit the record minimum: 2.9 percent.
