15 Cities with the Fastest-Growing Wages
Workers in these cities have received the biggest boost to their wages in recent years.
This story originally appeared on HireAHelper.
Slow wage growth and increasing wage inequality have characterized the U.S. labor market for the past several decades. The COVID-19 pandemic has disproportionately impacted lower-wage workers, only serving to exacerbate these problems. Now, a year into the pandemic, millions of workers remain unemployed and many businesses still face restrictions.
Over the past five years, average annual wages increased by 4.8%, after adjusting for inflation. However, much of the increase in average wages can be attributed to growing wages among the highest earners. According to an analysis of Current Population Survey data by the Economic Policy Institute (EPI), real median hourly wages grew by 15% from 1979 to 2019. In comparison, workers in the 95th percentile saw their wages grow by 63%, while workers in the 10th percen
15 Cities with the Fastest-Growing Wages
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Report: Grand Rapids metro has 17th-fastest wage growth
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A new report shows Grand Rapids had a 5.2% wage growth rate over five years the 17th-fastest rate among large U.S. metropolitan areas.
Hire a Helper used data from the U.S. Bureau of Labor Statistics to compile the report, the Cities with the Fastest Growing Wages, published last week, and Grand Rapids-Wyoming was ranked 17th out of 53 of the nation’s largest metro areas.
To determine the metros with the fastest-growing wages, researchers at Hire a Helper analyzed data from the Bureau of Labor Statistics’ 2019 and 2014 Occupational Employment Statistics data. The researchers ranked metro areas according to the inflation-adjusted five-year change in average wages across all workers. Researchers also calculated the occupation with the largest inflation-adjusted wage increase from 2014 to 2019 in each location.
SA unemployment rate increased to 32.5% in Q4 of 2020 - Stats SA While the results from the Quarterly Labour Force Survey for the fourth quarter of 2020 showed that the number of employed people increased to 15 million, it also showed that the number of unemployed people increased to 7.2 million. Picture: Flickr.com
41 days ago
JOHANNESBURG - South Africa’s unemployment rate increased to 32.5% in the fourth quarter of 2020 compared to the third quarter, according to data from Statistics SA.
While the results from the Quarterly Labour Force Survey for the fourth quarter of 2020 showed that the number of employed people increased to 15 million, it also showed that the number of unemployed people increased to 7.2 million.
Cities With the Fastest Growing Wages
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Slow wage growth and increasing wage inequality have characterized the U.S. labor market for the past several decades. The COVID-19 pandemic has disproportionately impacted lower-wage workers, only serving to exacerbate these problems. Now, a year into the pandemic, millions of workers remain unemployed and many businesses still face restrictions.
Over the past five years, average annual wages increased by 4.8%, after adjusting for inflation. However, much of the increase in average wages can be attributed to growing wages among the highest earners. According to an analysis of
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