The Bank of Lithuania has issued an economic review based on statistical data analysis, modelling and expert assessment. This review highlights also important labour market and wage developments (chapter IV). According to this document the labour market has levelled off, wage growth was moderate but still remains quite strong. In the first half of 2019, it stood at 8.7%. Wage growth in the private sector moderated from 8.8% to 6.8% and this may be partly attributed to the fact that labour shortages are no longer increasing; however, this moderation was also underpinned by the fading effect of the floor for social insurance contributions introduced at the beginning of 2018. An opposite trend was observed in the public sector where wage growth significantly accelerated, currently being almost twice as fast as in the private sector.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
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