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US: wage increases get closer to a danger zone
Now that the extreme labour market disruptions caused by the pandemic are tending to fade, we have a clearer view of wage trends. Almost all wage or labour cost indices are accelerating significantly. From 3% per year in 2019, they have risen in a range of 4% to 5% by the end of 2021. This change is accompanied by a (somewhat more modest) acceleration in productivity gains. At this stage, unit labour costs are under control. However, as productivity has rarely grown by more than ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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