U.S. wage growth is cooling, but some jobs are still seeing relatively big annual raises

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The growth in workers’ annual earnings has retreated from an initial surge during the Covid-19 pandemic. But some jobs are still paying healthy raises.

However, there are still certain occupational sectors — like legal, dental, childcare, cleaning and sanitation, and medical information — with relatively high earnings growth, according to Indeed.Workers are getting relatively big annual raises in occupations like legal, dental, child care, cleaning and sanitation, and medical information, for example, according to a new

Among them, it's highest in the legal profession: Indeed found that average workers saw their paychecks grow at a 5.7% pace in March 2024 versus a year earlier. That's down just 0.1 percentage points from six months ago. Wage growth surged in 2021 and into 2022 as employers had to"roll out the red carpet" for workers at a time when labor was scarce and workers were"demanding to be made whole for inflation," Pollak said.

Some roles, such as face-to-face jobs in food services, became less attractive overnight after the pandemic led to a big shift in remote work. Turnover rose more quickly among in-person occupations than remote ones, Pollak said.

 

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