Market & Data Insights - October 2023
“"In an enduring market that has faced the trials of recent times, this month's report presents a detailed portrayal of resilience and flexibility. While most indicators recorded a decrease, the unwavering persistence of job opportunities instills hope for the future. What truly catches the eye is the notable surge in average fixed salaries, climbing by 7% on a monthly basis and 2% compared to the previous year – a clear reflection of companies' endeavors to bridge skill gaps.
This downturn in indicators is not unexpected, considering the typically subdued trends observed in the month of August. However, taking a wider economic viewpoint reveals optimism, as wage growth outpaces inflation at 7.8%, even though inflation remains below the target. It remains to be seen how these elements will impact the data for November."
