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

Illinois Killer’s Extradition Pending with Missouri Governor

Fresh
jail

A Missouri prosecutor says convicted Illinois killer Nicholas Sheley's extradition paperwork remains with Gov. Jay Nixon.

in Local

Wind Farm Could Be Headed to Logan County

Fresh
wind turbine

$390 million project will bring renewable energy

in Local

Potential ALPLM Separation on Hold

Fresh
Lincoln Presidential Museum

The chair of a state committee says lawmakers should wait for an outside study before considering plans to separate the Abraham Lincoln Presidential Library and Museum from a state agency.

in Local

Springfield Woman Faces More DUI Charges in Crash That Killed Two

ANDREA LITTLE 102052

Faces 11 counts in the deaths from a fatal October crash

in Local

Committee Hearings Begin on YWCA Block Redevelopment

4th and jackson

Two city blocks eyed for redevelopment