Average hourly wages in July

Макроэкономика 27.08.2015 The monthly statistical data on payrolls for July showed that the number of officially employed persons continued its decline (down 0.5%) in the entire economy while the number in the industrial sector dropped 0.7%. The average hourly wage for July was UAH35, or US$1.4, (seasonally adjusted) for the whole economy, up 0.6% from the previous month and still down 31.4% from a year ago. In the industrial sector, the average hourly wage was UAH37, or US$1.7, up 0.7% from June and down 27.5% YoY. While the data depicts a slight rebound in the hourly wage from the trough seen in 1Q15, the number of officially employed in the economy as a whole continued to decline.