Friday, November 03, 2017

US Wage Growth Steadily Rises

From PR Newswire:

According to job site Glassdoor, the annual median base pay in the United States grew 1.6 percent year over year (YOY) in October 2017 to $51,220. The Glassdoor Local Pay Reports show pay growth ticked up slightly from a revised 1.4 percent growth last month. Pay growth peaked in January 2017 at a revised 3.5 percent.

The Glassdoor Local Pay Reports provide a unique monthly view into the country's wage picture with salary estimates for nearly 85 job titles and year-over-year pay growth trends in the United States. The reports include details on 10 major metros: Atlanta, Boston, Chicago, Houston, Los Angeles, New York City, Philadelphia, San Francisco, Seattle and Washington, D.C.1

"U.S. wage growth is steady but slow. We've seen incremental increases over the past few months after a slight decline of U.S. median pay over the summer months. While we are still well below the 3.5 percent pay growth rate of January, I am encouraged by the slight salary increases recorded since August and anticipate growth to continue to accelerate through the end of the year," said Dr. Andrew Chamberlain, chief economist of Glassdoor.

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