Wages climb higher than 'pre-pandemic' levels, but lag behind inflation rate

The pandemic shifted the landscape in terms of what jobs experienced the biggest pay increases, a report by the Central Bank and Indeed found. Picture: Jason Alden/Bloomberg
Growth in posted wages across Europe accelerated sharply this year to reach 5.2% in October, but still lag behind the eurozone inflation rate of over 10%, a report by the Central Bank and Indeed showed.
New indicators suggested wage growth in job postings has now plateaued at these historically high levels, as the report found many employers across the continent are starting to rethink their demand for staff as they balance the currently tight labour market against an increasingly uncertain and deteriorating economic outlook.