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, World

U.S. runs hundreds of counter-terrorism investigations

Fresh
Police tape cordons off the site of a car bomb attack in Sanaa, Yemen, Tuesday, June 30, 2015. The explosion occurred near a military hospital in the Yemeni capital on Monday, causing dozens of casualties including civilians, security officials said. The Islamic State's Sanaa Division claimed responsibility on Twitter for detonating the parked car bomb, according to the SITE Intelligence Group monitoring service. (AP Photo/Hani Mohammed)

U.S. authorities are pursuing hundreds of active counter-terrorism investigations embracing all 50 American states.

in National

After ‘gratifying’ week, Obama has long to-do list for his time left in office

Updated
obama

The President, who has about 18 months left in his second term, hopes to work with Congress on infrastructure funding and reforming the criminal justice system.

in Trending, Viral Videos

TODAY’S MUST SEE: Kids explain gay marriage

11-overlay

Jimmy Kimmel took to the streets to see how America's future feels about the Supreme Court decision and the answers are hilarious.

in National

Nearly one in three Americans owns a gun

gunownership

About 29 percent of people nationwide reported owning a gun.

in National, World

U.S.-Cuba deal to restore ties to be unveiled today

cuba

The United States and Cuba have reached an agreement to reopen embassies and restore diplomatic ties severed more than five decades ago,