Wages for U.S. Workers Growing, Albeit Slowly
The holiday hiring season has helped drive median base pay for workers in the United States up 1.6% in October to $51,220, according to data from the Glassdoor Local Pay Reports. That's an improvement over 1.4% growth in September, but down from the peak increase of 3.5% that occurred in January.
October's numbers were helped by seasonal demand for retail workers. Warehouse associates, for example, earned 4.3% more and store managers saw their pay go up by 4%.
"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," said Glassdoor Chief Economist Andrew Chamberlain in a press release. "While we are still well below the 3.5% 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."
Source: Fool.com
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