Wages for U.S. Workers Growing, Albeit Slowly

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." 

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Source: Fool.com