NOMINAL WAGE

In April, Britain's labour market showed signs of cooling as the unemployment rate rose to 4.4%, the highest since September 2021. Despite robust wage growth, the number of employed people fell by 207,000. Prime Minister Sunak faces challenges ahead...

The dollar steadied as traders awaited an interest rate decision in Canada and U.S. services data. The yen received a boost after reports of potential bond buying cuts by the Bank of Japan, leading to a rise in the Swiss franc. Japanese real wages f...

Total compensation of employees working with private corporations increased to 13.5% of the GDP in FY23 from 12.8% in the previous year while households, which largely represent the informal sector, saw their wages rise to the highest level in nine ...

Rahul Gandhi's quota cap strategy echoes Indira Gandhi's tactics on quotas from Neerja Chowdhury's book. In 1980, she guided P Shiv Shankar on handling the Mandal Commission report, emphasizing the delicate balance of quotas' impact. India in 2047 a...

Considered a stronghold of the BJP, Raju Bista, originally from Manipur, is the BJP candidate contesting for a second time. This time, there is a three-cornered fight –– Trinamool candidate Gopal Lama, a former bureaucrat and son of the soil is pitt...

Japanese workers faced a 23rd month of falling real wages in February due to higher prices. This crucial data, monitored by the Bank of Japan, reflects consumer purchasing power and was reported by the labour ministry.

Nikki Haley, the former governor of South Carolina, is expected to suspend her presidential campaign after a series of losses in the US primary season, including defeats to Trump in almost all 15 state contests on "Super Tuesday." Haley, who was lit...

The narrative of deepening rural distress is flawed and relies on misconstrued data about wage growth. Comparisons between different time periods fail to consider the context and statistical nuances. Nominal wage growth during the last two decades h...

Japan's wage trend, along with inflation, is closely watched, with the Bank of Japan regarding both indicators among the key data to consider in preparation for phasing out its massive stimulus policy.

Former Pakistan prime minister Imran Khan and his supporters have been rejected as candidates for the February 8 election, according to party officials. Khan has been in prison since August, facing trial over a series of cases he claims are orchestr...

Earlier this week, L&T’s CFO R Shankar Raman said the company is facing a shortage of carpenters and masons. Hospitals in India have been forced to hike the salaries of nurses due to the high attrition rate. Many are migrating for better pay and wor...

The economists said a percentage point increase in real wages leads to a rise in GDP by 0.64 percentage point. So, if inflation were to fall from 5.3% (current projection for Ind-Ra) to 4.5% in FY24, it could lead to real wage rising to 4.4% from 3....

Despite 339,000 jobs being added in May, a drop in wage growth and a higher unemployment rate are likely to keep the Federal Reserve on hold this month whilst it considers a rate hike later this summer. With the federal-funds rate in the 5% to 5.25%...

As a percentage of nominal gross domestic product, the wage bill of the private sector was 12.7% in the year ended March 21, 2022, compared with 11.8% for the public sector, the analysis by ET has found.

'Living wage' has been defined by Richard and Martha Anker as the remuneration received 'for a standard work week by a worker in a particular place sufficient to afford a decent standard of living of the worker and her or his family'. Elements of a ...

The yen dropped sharply last year to a 32-year low of 151.94 per dollar as U.S. rates rose and Japanese rates stayed near zero, but it has since recouped those losses as the Fed looks to pause its tightening while speculation increase that the BOJ w...

Among advanced G20 countries, real wages in the first half of 2022 are estimated to have declined to -2.2%, whereas real wages in emerging G20 countries grew by 0.8%, which is 2.6% less than the pre pandemic year of 2019, it said. “The multiple glob...

According to the report, households accounting for 44-45 per cent of the GVA have witnessed a decline in nominal wage growth to 5.7 per cent during FY17-FY21 from a high of 8.2 per cent during FY12-16, implying that wage growth in real terms is clos...

The average share of the public sector in gross value addition for the ten years ending FY21 is 19.2 per cent but the share in wages is 39.2 per cent, India Ratings and Research said in an analysis based on gross value added (GVA) data released by t...