Ukrainian businesses continue to face labor shortages, leading to rising private sector wages, according to the National Bank's latest macroeconomic and monetary survey.
According to the survey, together with the increase in social benefits and the minimal level of inflation, this trend contributes to the further growth of real incomes of the population. In June, the number of new vacancies on job search sites remained practically unchanged, despite the usual seasonal growth associated with the beginning of the harvest.
Ukrainian businesses continue to face labor shortages, leading to rising private sector wages, according to the National Bank's latest macroeconomic and monetary survey.
A survey of the business community reflected a decline in economic activity, which led to a decrease in the number of jobs compared to May. However, some occupations, including security, construction and skilled workers, showed a steady increase in the number of vacancies.
The number of job seekers, as measured by the number of resumes, increased slightly, mostly reflecting the impact of seasonality.
