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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 Macro Analysis – Unpacking The Updated Indeed Wage Tracker
Executive Summary
- The Indeed wage tracker continued to moderate in May, with the Euro-area estimate falling to 3.35% Y/Y (vs 3.39% prior) and 3.41% 3mma Y/Y (vs 3.46% prior).
- The latest development underscores the ECB’s forecast that compensation per employee will “remain elevated in 2024 but will decelerate in 2025”.
- The Indeed website notes that the wage tracker’s calculations have been updated from May 2024 “in part to harmonize methodologies across all nations and ensure a consistent universe of job postings included in national wage tracker series”. However, in general the main interpretation of the data remains unchanged.
- As of May 2024, Indeed has also begun reporting the number of observations used to generate each country’s series. Our analysis suggests that it is it is unlikely that Indeed misrepresents region-wide wage dynamics arising from skewed observation numbers between countries.
Full PDF Analysis:
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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.