Tag: Slowing
Global Wage Growth: Slowing Down in the Euro Area, UK, and US
Annual growth in wages advertised in job postings slowed as the labour market loosened in 2023, a trend expected to continue in 2024. Editor’s Note: Wage growth series are available for download here. For details of the data and methodology, please see our research paper, “What do wages in online job postings tell us about …
January 2024 US Labor Market Update: Wage Growth Set to Keep Slowing, Though at an Uncertain Pace
Wage growth is still elevated on a year-over-year basis, but data from the Indeed Wage Tracker points toward a continued slowdown. Key Points: While wage growth is below its peak in late 2021 and early 2022, it remains elevated compared to pre-pandemic levels. Wages grew 3.8% year-over-year in December, according to the Indeed Wage Tracker, …
April 2024 Jobs Report: Solid and Slowing Down
Key points The labor market downshifted in April with employers adding 175,000 jobs; a notable slowdown from the pace in the first few months of the year. The unemployment rate ticked up to 3.9% — a sign that perhaps job gains need to be faster to keep joblessness steady. The continued slowdown in wage growth …