“In Ukraine, wages continue to grow at a high rate due to the shortage of workers.”, — write: epravda.com.ua
In Ukraine, wages continue to grow at a high rate due to the shortage of workers. The NBU reports this in the January 2025 Macroeconomic and Monetary Review. According to the data of the State Statistics Service of Ukraine (SSU), in the third quarter of 2024, nominal wages increased by 22.3% y/y, and real wages increased by 14.2% y/y. In most economic activities (except education and the arts), real wages are higher than they were in Q3 2021 (before the full-scale invasion).Advertisement: According to indirect indicators, wage growth continued in Q4 2024. The number of new vacancies and resumes in December decreased compared to previous months. This was caused by the traditional seasonal decline in labor market activity. However, on an annual basis, the volume of vacancies and resumes increased, which indicates the further revitalization of the market. Despite the slight increase in labor supply, the shortage of personnel remains significant and limits the activities of many enterprises. This especially applies to sectors of the economy that need highly qualified workers. Advertisement: We will remind: the average salary of employees of central level state authorities in November 2024 has increased to 62,000. hryvnias, compared to 57.5 thousand UAH in October.