February 5, 2025
United States:
US Firms Add 183,000 Jobs in ADP Data, More Than Forecast
Employment at US companies picked up in January by more than forecast, highlighting resilient job growth despite mounting uncertainty.
Private payrolls rose by 183,000 last month following a upwardly revised 176,000 increase in December, according to ADP Research Institute data.
Europe:
ECB’s Wage Tracker Points to Steep Slowdown This Year
The European Central Bank’s main gauge of future euro-zone pay growth continued to signal a sharp slowdown in 2025, underpinning hopes for a further retreat in inflation that should allow more interest-rate cuts.
The ECB’s wage tracker, published Wednesday, predicts salaries rising by an annual 1.5% in the fourth quarter of 2025.
Asia:
Japan Wages Grow Most Since 1997, Helping BOJ Rate Path and Yen
Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japan’s latest rate hike decision and keeping it on track for further tightening steps.
Nominal cash earnings for workers climbed 4.8% in December from a year earlier, up from a revised 3.9% gain in November, the labor ministry said Wednesday.
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