Top US metros for wage growth - Jacksonville Business Journal

The past year has been marked by rapidly rising wages that have left many businesses unable to keep up, but there are signs the gains are starting to decelerate.

The average employee is earning about $26 more a week in August 2022 than they did a year ago, but significantly elevated inflation is outpacing those gains and putting pressure on workers and companies alike. But even though the pace of earnings growth is easing, average weekly earnings still rose compared to August 2021 in nearly 70% of the 389 metros analyzed by The Playbook, according to BLS data. Additionally, 36.7% of metros recorded wage growth of at least 5%.There was a fair amount of geographic diversity among the leaders for earnings growth.

Virginia Beach-Norfolk-Newport News led the way among the largest 100 metros, while Detroit was the largest metro area to rank in the top 10 for year-over-year growth.Just like with the top performers, there was significant geographic diversity among the metros with year-over-year declines in average weekly earnings.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Top Residential Real Estate Agents 2022 - Jacksonville Business JournalTop Residential Real Estate Agents 2022
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Amazon hiring in Jacksonville - Jacksonville Business JournalAmazon is primed to hire thousands in Jacksonville and throughout the state.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Former SharedLabs CEO Jason Cory pleads guilty to tax evasion - Jacksonville Business JournalThe plea comes more than two years after he was forced out of his company amidst an FBI investigation.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Ultimate CEO 2022: Harvey Dikter of The GuideWell Source Family of Companies - Jacksonville Business JournalFrom cleaning popcorn machines to taking out the trash, many of this year’s class of Ultimate CEOs started at the bottom, learning the value of hard work — and teamwork.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Mayo Clinic will boost pay by 6%, biggest raise in decades - Jacksonville Business JournalMayo Clinic plans to give raises of 6%— well above the national average annual pay hike — to a cohort of workers that numbers in the tens of thousands.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »