Our Scans · (FS.6.01) Employment & Wages · Weekly Summary

• [New] The PropTech initiative aims to increase the real estate sector's contribution to Dubai's GDP, reduce property operating costs, speed up mortgage approvals, and expand employment opportunities within the PropTech field. Economy Middle East
• [New] Household consumption is expected to gradually ease as real wage growth slows, but investment is set to be stronger, supported by the completion of RRF projects in 2026. / Cyprus kappa
• [New] Slowing wage growth and sticky inflation are pinching consumers' wallets more than expected. Yahoo Finance
• [New] A convergence of cooling inflation, lower rates, and wage growth opportunities will continue to drive consumer confidence and sustain robust spending in 2025. Mintel Store
• [New] The Bank of Canada resumed cutting rates in September after three consecutive holds, finding that growth and employment concerns outweighed the upside risks to inflation from tariffs. The Globe and Mail
• [New] Hospitality accounts for around 10% of total U.S. business employment and is forecast to generate $777 billion in guest spending in 2025 (AHLA, Oxford Economics). The Hotel Blueprint
• With further purchasing power increases, due to high wage growth and easing inflation, we expect private consumption to continue expanding in 2025. / Germany ABN AMRO Bank
• There is evidence that rising employment costs have been passed on to consumers and contributed to the UK's stubbornly high rate of inflation of 3.8% - a figure that is now expected to ease considerably in the coming months. SKY
• With lower inflation predicted in 2026, Turkey is expected to top the global rankings for real wage increases in 2026. theHRDIRECTOR
• Asia Pacific continues to be the engine of global wage growth, with countries from the region dominating the top 20 real salary increases for both 2025 and 2026. theHRDIRECTOR
• Although Hungary is predicted to make the global top 10 in terms of real wage increases, no European country is expected to see a higher nominal salary increase in 2026 compared to 2025. theHRDIRECTOR
• In the regions where Paladin operates-like Namibia-investments in uranium mining indirectly bring ancillary benefits: revitalizing transport, boosting energy access, and generating employment opportunities that ripple positively through local economies. Farmonaut
• As the impact of the unwind in electricity rebates fades, wage growth continues to cool, and global trade disruption increases the flow of cheaper imports into Australia, we expect inflation to ease meaningfully over the year ahead. Australian Broadcasting Corporation
• Look for monetary policy to remain a primary driver of short-term interest rates over the next several months as the Federal Reserve seeks to balance risks to its dual mandate of stable prices (inflation) and full employment. Default
• Bank of England policymakers have warned against the dangers of wage growth feeding into inflation, when the costs of pay rises are passed on to consumers through higher costs. City AM
• The BOE still sees wage growth around 3.7% by year-end-above the roughly 3% rate consistent with 2% inflation-while food inflation, which is highly salient for households, could reach about 5.5%. Stock Market Update
• Bank of Canada maintains 5% rates amid inflation risks from unit labour cost pressures, prioritizing wage-productivity alignment over headline employment gains. Ainvest
• Growth in real gross disposable income per household is projected to turn positive in 2025 and increase gradually out to 2027, supported by increases in wage income and moderating inflation. / Ireland Central Bank of Ireland
• In 2025, California legislators passed new employment laws that will bring changes to employment contracts, pay data reporting, paid family leave, and other employment-related topics. National Law Review
• Japan's largest labour federation, Rengo, will demand at least a 5% pay hike in 2026's wage talks, matching last year's target that produced average gains of 5.25%. Stock Market Update
• Signs that inflation may be slightly stickier than expected could cause concern for the Bank of Canada and somewhat reduce the likelihood of a cut at the October meeting, especially when look at in conjunction with the rebound in employment and continued resilience in consumer spending. Morningstar, Inc.

Last updated: 25 November 2025