Analysts wage competition in a tight labor market also carries inflationary risks
In addition to the lifting of restrictions in the third wave and the recovery of the service sector, seasonal factors also helped achieve a historic employment level in July. However, analysts interviewed by MTI also warn that wage competition in a tight labor market also carries inflationary risks while helping GDP growth.
Wage competition in the labor market helps growth, but it can also increase inflation
According to a report by the Central Statistical Office (KSH) published on Friday, the average monthly number of employees aged 15-74 was 4 million 704 thousand in July, 12 thousand more than in the previous month and 94 thousand more than a year before. (MTI)
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