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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Pay Growth May Be Offset By More Workers-ECB Bulletin
Recent increases in the euro area labour force may have a mitigating effect on wage growth, a box from the latest ECB Economic Bulletin argues, as marginal workers coming back into the labour force help to constrain incumbents’ wage demands even as workers’ bargaining power strengthens.
“On average, the newly employed are younger and have a lower level of education than incumbents (employed workers before the new transitions),” the bulletin note says.
“They are also more likely to be women, work part-time and have lower levels of labour income. Those hired from a position of unemployment earn about 55% of incumbents’ labour income, whereas those transitioning directly from inactivity to employment have an average level of labour income which is equivalent to approximately 80% of the level earned by incumbents,” the note adds.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.