According to the Indeed Wage Tracker's full-year 2024 data, wage growth in the US and euro area is consistent with 2% inflation targets, while the UK sees higher growth. The US maintained low 3% wage growth, similar to pre-pandemic rates, while euro area growth declined from highs of the year. Countries within the euro area experienced varied wage trends, with notable reductions in France and Germany, although Spain saw accelerated growth. Despite the growth, many nations face real wage declines in the long-term, indicating recovery challenges in purchasing power compared to pre-pandemic levels.
Despite a cooling labour market, the UK has experienced a much higher rate of wage growth compared to the US and euro area, signifying distinct economic dynamics.
In the euro area, the overall annual wage growth remained stable at about 3.3% in the final quarter of 2024, yet significant differences existed across countries.
Collection
[
|
...
]