Mar 19, 2024
Euro-Area Labor-Cost Growth Slowed at End of 2023
Bloomberg News
,(Bloomberg) -- Euro-area labor-cost increases slowed at the end of last year, an outcome that is likely to provide encouragement for European Central Bank policymakers who are studying the strength of wages as a key input for their decision on when to cut interest rates. Hourly employment expenses rose 3.4% in the fourth quarter from the same period a year earlier, according to Eurostat data. That’s the lowest in more than a year.
--With assistance from Barbara Sladkowska.
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