Pay Inches Up Again in October
They may not all be good jobs (in fact, many of them are lower-level, lower-paying positions), but employers in the United States have an awful lot of open positions. Job openings grew by 5.1% in October to over 6 million, while annual wage growth rose by 2.1%, according to Glassdoor's latest Job Market Report.
"September's jobs report from the Bureau of Labor Statistics (BLS) showed conflicting signals with the unemployment rate dropping to a 50-year low but also a sudden deceleration in wage growth," wrote Glassdoor Chief Economist Daniel Zhao. "Our data suggests that the sudden drop in wage growth in BLS data is the outlier and we should expect a return to trend in the coming months. Overall, Glassdoor data is consistent with the broader view that the labor market remains a strong point in a slowing economy. "
Construction workers saw their pay increase by the most of any profession. Image source: Getty Images.
Source Fool.com
