Category: wage
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Boeing makes final offer of 30% wage increase to striking workers By Reuters
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(Reuters) – Boeing Co raised its wage proposal for thousands of striking workers on Monday, offering a 30 percent overall pay increase over four years in what it called its “best and final” offer as the strike continues. The U.S. aircraft maker also offered to reinstate a performance bonus, improve…
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Israel’s average monthly wage still rising
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According to the Central Bureau of Statistics report, the average wage in Israel was NIS 13,683 in July 2024, an increase of 6.7% over July 2023. In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, according to the Central Bureau of Statistics. The…
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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Japan chief cabinet secretary Hayashi says wage rises will spread in Japan
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Chief Cabinet Secretary Hayashi Wage increases likely to spread to part-time workers and small businesses by fall with strong Shunto results and minimum wage increases No comment on daily stock movements He says it is important for the government to make its decision calmly, when asked about the volatility of…
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Average wage in Israel jumped in June
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In June 2024, the average wage in Israel was NIS 13,865, an increase of 4.7% in real terms from NIS 12,836 in June 2023, according to the Central Bureau of Statistics. The inflation rate was 2.9% during the same period. The May 2024 estimate shows that the average wage increased…
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UK data shows continued strong wage growth
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ECB Held Rates Steady, Stressed Importance of Wage Growth in Next Decisions
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As expected, the European Central Bank left interest rates unchanged in its announcement this week and refrained from providing future guidance. European Central Bank President Lagarde and policymakers unanimously agreed to keep the deposit facility rate at 3.75% and the main refinancing operation rate at 4.25%. They indicated in their…
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Average wage in Israel remains high
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The average wage in the Israeli economy remains at record levels. In April 2024, the average wage in Israel was NIS 13,506, up 7.3% from April 2023, according to the Central Bureau of Statistics. However, there is a significant decrease from March 2023, when the average wage was NIS 14,000,…
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Summer Job Cuts as Minimum Wage Increase Bites
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The recent increase in the minimum wage is putting significant pressure on employers, leading to a sharp decline in employment in the summer. New figures suggest employers are cutting back on seasonal hiring amid broader concerns about labor shortages in vital sectors of the economy. Data released by the Recruitment…
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Summer Job Cuts as Minimum Wage Increase Bites
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The recent increase in the minimum wage is putting significant pressure on employers, leading to a sharp decline in employment in the summer. New figures suggest employers are cutting back on seasonal hiring amid broader concerns about labor shortages in vital sectors of the economy. Data released by the Recruitment…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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U.K. Joblessness Rose 50.4K in May, But Wage Growth Picked Up
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The UK claimant change figure indicated a larger than expected jump in unemployment at 50.4K for May versus the consensus reading of 10.2K and the previous unemployment gain of 8.9K. Meanwhile, the unemployment rate rose from 4.3% to 4.4% instead of stabilizing, reaching its highest level since October 2021. However,…
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U.K. Joblessness Rose 50.4K in May, But Wage Growth Picked Up
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The UK claimant change figure indicated a larger than expected jump in unemployment at 50.4K for May versus the consensus reading of 10.2K and the previous unemployment gain of 8.9K. Meanwhile, the unemployment rate rose from 4.3% to 4.4% instead of stabilizing, reaching its highest level since October 2021. However,…
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UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
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UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
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Average wage in Israel fell in April
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Preliminary figures for April 2024 show the average monthly wage was NIS 13,270, down 6% from NIS 14,079 in March 2024, the Central Bureau of Statistics reported. Preliminary figures for April 2024 show the average monthly wage was NIS 13,270, down 6% from NIS 14,079 in March 2024, the Central…
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Average monthly wage in Israel exceeds NIS 14,000
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Preliminary figures for March 2024 show that the average monthly wage reached NIS 14,108, an increase of 3.5% from March 2023, according to Central Bureau of Statistics reports. Preliminary figures for March 2024 show that the average monthly wage reached NIS 14,108, an increase of 3.5% from March 2023, according…