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)

Latest Stories

in Local Sports, Sports, UVA Sports

Randolph and Venson Earn ACC Honors

ACC Basketball

Randolph named to the All-ACC Second Team; Mikayla Venson named to the ACC All-Freshman Team

in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA

One Texan To Another: “Thank You For Reporting Jesse Matthew”

Matthew Jesse In Court 092614 (from SAGA)

The woman who tracked down ‘Karen’ says she deserves a big ‘thank you’ for calling police when she saw the man wanted for the abduction of Hannah Graham.

in Viral Videos, Weird

Police issue tickets for pizza, French fries

17-overlay2

Police in one New Hampshire town are rewarding residents for doing the right thing.

in National, World

Netanyahu says Iran is threat to Israel, world

netanyahuspeech

The Israeli Prime Minister called for action over Iran's nuclear program.

in Albemarle County, Charlottesville City, Local, UVA

Matthew Hearing To Close 4th St.

Matthew Jesse In Court 092614 (from SAGA)

To accomodate satellite trucks attending the Jesse Matthew hearing, part of 4th Street downtown will be closed.