wages
Employees in Poland's enterprise sector received, on average, 10.6% more in monthly wages in July 2024, compared with the same period a year earlier. When compared with the previous month, wages grew by 1.6%, Poland's statistics office confirmed on Wednesday. In June, the annual change came in at 11%, while the monthly shift was recorded at 1.8%. This means that wages are still increasing when they aren't adjusted for inflation, although the rate of growth is slowing. "The rise of average nominal wages is not surprising given that Poland is still facing one of the highest inflation rates in th...
Euronews (English)
Pay excluding bonuses grew 5.4% year-on-year between April and June in the UK, marking the lowest rate in two years, according to data from the Office for National Statistics. Meanwhile, the unemployment rate fell to 4.2% from 4.4% in the three months up to July. The ONS also noted that the estimated number of vacancies in the UK decreased in May to July 2024 by 26,000 on the quarter to 884,000. Following the update, the pound was 0.3% higher against the euro at 1.1722 and also traded up 0.28% against the US dollar at 1.280. What implications for the Bank of England's next rate decision?Kyle C...
Euronews (English)
The median monthly income for full-time workers in Germany rose by 4.1% or €150 ($163) to €3,796 in 2023, according to new data released by the German Employment Agency on Monday. The main reason for the increase was higher wage settlements. Only the salaries of full-time employees subject to social security contributions were included in the statistics. The median salary is not an average one, but rather describes the income where there are just as many people with a higher income as with a lower income. According to the Nuremberg-based agency, the gap between men and women has widened once a...
DPA Breaking News
S&P Global released its Eurozone economic outlook for Q3 2024 on Monday morning, highlighting that growth in the Eurozone has returned mainly due to a fall in energy and commodities prices. This is likely to allow gross domestic product (GDP) growth to increase from 0.7% this year to 1.4% in 2025, a slight rise from the 1.3% predicted by S&P Global in March. Eurozone inflation is also expected to come back to the European Central Bank (ECB)’s 2% target by mid-2025, if present conditions remain more or less constant. Productivity bouncing back, wages growing at a slower pace and profit margins ...
Euronews (English)
Washington (AFP) - Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations. The Association of Professional Flight Attendants organized the Washington rally along with parallel events at about a dozen US airports. "Flight Attendants are the only employees at American Airlines who have not had a raise in the past five years," said the APFA, which represents more than 27,000 workers at the big US carrier. "We've reached an impasse with American Airlines in our negotiations, and we...
AFP
Los Angeles (AFP) - Fast food workers in California on Monday hailed a pay raise that takes their minimum wage to $20 an hour, even as firms warned of likely price increases in an already expensive state. Staff flipping burgers or filling burritos at large chain restaurants will now be guaranteed one of the highest base rates in the country. "It'll help me breathe a little easier in terms of paying my rent and even buying groceries," said Angelica Hernandez, who works at a McDonald's in Los Angeles. "In all of my 19 years working in this industry... maybe 25 cents would be the max (raise) that...
AFP
More than a quarter of businesses with 10 or more employees experienced worker shortages in late Feb, with little changing from Jan.More than 1 in 10 businesses reported that their employees’ hourly wages had increased in January 2023 compared with December 2022; this was 24% for businesses with 10 or more employees.7 in 10 businesses reported some form of concern for their business for March, with the top two concerns energy prices (19%) and inflation of goods and services prices (15%).Q4 2022 hedge fund letters, conferences and more Wages Rise To Attract And Retain StaffThis latest snapshot ...
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Emsi Burning Glass Report “Why Inflation Isn’t Going Away” details how the talent-shortage and resulting wage spikes will keep prices high Q2 2021 hedge fund letters, conferences and more MOSCOW, Idaho - September 14, 2021 - The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in the month of August, per the Bureau of Labor Statistics. This pushed the index to 5.3%. Despite cooling inflation, wages are continuing to rise, meaning that prices will remain high and will be difficult to walk back. Why Inflation Isn’t Going AwayA recent Emsi Burning Glass inflation report,...
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Washington (AFP) - An acute labor crunch amid the coronavirus pandemic is boosting US wages, with many large chains now paying $15 an hour, a minimum level long sought by Democrats and labor activists. The disruption of Covid-19 has led to record job openings, but also millions of unemployed workers, some of whom dropped out of the labor force to stay home to take care of children. But some workers have used the pandemic to retire or try to change careers. Economists say that so far, the wage bump has not resulted in troubling inflation. "For the first time since the late 1990s, low-wage work...
AFP
New York (AFP) - US President Joe Biden's proposed minimum wage increase would cut 1.4 million jobs but lift 900,000 people out of poverty, according to a study released Monday. The proposal also would boost wages for another 27 million workers, according to a report by the Congressional Budget Office, that showed the overall increase in earnings outweighs those lost through the projected job cuts. The CBO report paints a mixed picture of the benefits of the plan to gradually lift the wage floor in the United States to $15 an hour by 2025 from the current $7.25. Biden has championed the increa...
AFP
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