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 Local

Republicans Expect to Hang On to 18th Seat in Illinois

Il 18th District

Only candidate to announce a run for Aaron Schock's seat so far is Darin LaHood.

in Local

Rauner Stands By Right-To-Work Idea for Illinois

rauner

Governor Rauner stands by right-to-work zones in Illinois in spite of opinion issued by Lisa Madigan's office.

in Local

Catholic Bishops Call for Bell Ringing to Mark End of Civil War

church bell

Archdiocese of Chicago officials say the plan arose out of the denomination's annual meeting.

in Local

Eastern Ill. Lincoln Site to Commemorate 150th Death Anniversary

lincoln

The presentations are scheduled for the weekend of April 10 to 12.

in Local

Illinois Observes Earth Hour This Evening

Earth Hour

Lights out from 8:30 to 9:30 this evening.