News

Report: More U.S. jobs, less pay

Report: More U.S. jobs, less pay

JOBS:In this photo taken Wednesday, July 16, job seekers check out the job opportunities at a Hiring Fair For Veterans in Fort Lauderdale, Fla. Florida led the nation in job growth in June, a sharp turnaround from the previous month. Photo: Associated Press/Alan Diaz

(Reuters) – Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.

The average annual salary in sectors where jobs were lost – particularly manufacturing and construction – during the 2008-09 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.

Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.

The report also showed that the majority of metro areas – 73 percent – had households earning salaries of less than $35,000 a year.

The latest monthly employment data from the Labor Department showed that more than 200,000 jobs were created for the sixth straight month in July, but that wages were about flat in the private sector.

American workers, on average, earned $24.45 an hour in July, up only a penny from June. Over the last year, wages have grown just 2 percent, in keeping with where they have been stuck since late 2009.

(Reporting by Megan Davies, editing Bernard Orr)

Recent Headlines

in National

Thomas Menino, Boston’s longest-serving mayor, dead at 71

menino

The longest-serving mayor in Boston history who led the city after the 2013 marathon bombing, has died.

in National

U.S. economy grows 3.5% in third quarter

shopping

A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter.

in Local

Woman Crashes into Deerfield Restaurant

news-polic

A woman who police say drove through the wall of a Franklin County restaurant as people were having breakfast, will be charged with driving under the influence

in Trending, Viral Videos

TODAY’S MUST SEE: Daniel Radcliffe ‘raps’ the alphabet

17-overlay3

The "Harry Potter" star performs the tongue-twisting "Alphabet Aerobics" and it's hilarious.

in Local

Insurance Fraud Ringleader Arraigned

handcuffs

A New York has been arraigned on a slew of new charges in Hampshire Superior Court