The rise in earnings lags behind expectations

The rate of rise in earnings fell somewhat behind analysts’ expectations in March. One of the reasons of this was the base effect, that the rate of increase of the minimum wage and the guaranteed wage market this year is lower than last year.

Overall, however, the first quarter data reveal a favorable labor market situation – according to the analysts’ commentary delivered to the MTI after the Central Statistical Office (KSH) disclosed the data on Wednesday. (MTI)