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

WINA Wins 10 Awards From Associated Press

AP Awards for Year 2014 032815 (LS)

WINA has been named the Outstanding News Operation in Virgina and West Virginia combined.

in Local, Local Sports, Sports, UVA, UVA Sports

UVA Clinches ACC Series With Notre Dame

baseball bat

The UVA baseball team swept a Saturday double-header with Notre Dame 9-1 and 4-2.

in Local, Surrounding Counties

Upcoming Events Highlight End Of Civil War

Updated
Appomattox Surrender Site 083101 JT

Several Virginia communities will hold ceremonies marking the 150th anniversary of the end of the Civil War.

in Entertainment

This weekend in entertainment history

rainman

A look back on some of Hollywood's most memorable headlines.

in Albemarle County, Local, Surrounding Counties

Ex-Albemarle Official Charged With Felony

D

A former high-ranking official in the Albemarle schools faces a felony charge in Fluvanna.