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.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.