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 Entertainment

14 photos for Kim K’s 34th birthday

Fresh
AP853057848378_2

Love her or hate her, Kim Kardashian is a household name.

in Entertainment

Today in entertainment history: Oct. 21

elton-john

A look back at the Hollywood headlines that made history.

in Viral Videos

B1G mascots ‘Shake It Off’ parody

12-overlay3

Big Ten mascots show off their dance moves to Taylor Swift's "Shake It Off."

in Entertainment

Robin gig has gone to the girls

jenamalone

The superhero sidekick is set for a sex change in the upcoming "Batman V. Superman: Dawn of Justice" film.

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

Jesse Matthew Indicted on Charges Related to 2005 Fairfax Rape Case

Matthew Jesse mug shot 092614

The 2005 rape of a Fairfax woman is linked by DNA to the Morgan Harrington case.