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

Largest year-on-year increase in posted wages in Ireland by October was recorded in customer service followed by sales
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.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited