Post by bot on May 8, 2015 13:31:09 GMT -5
U.S. hourly pay rises 0.1% in April, up 2.2% in past 12 months
WASHINGTON (MarketWatch) - The average wage of American workers rose by 3 cents, or 0.1%, to $24.87 an hour in April, the government said Friday. The increase means wages in the past 12 months have risen at a 2.2% rate, a tick below the postrecession high of 2.3% last achieved in mid-2013. Year-over-year increases have clung to a tight range of 1.9% to 2.2% since 2012 even though the labor market has tightened considerably in the past few years. The amount of time people worked each week was unchanged at 34.5 hours, also a notch below a postrecession high.
WASHINGTON (MarketWatch) - The average wage of American workers rose by 3 cents, or 0.1%, to $24.87 an hour in April, the government said Friday. The increase means wages in the past 12 months have risen at a 2.2% rate, a tick below the postrecession high of 2.3% last achieved in mid-2013. Year-over-year increases have clung to a tight range of 1.9% to 2.2% since 2012 even though the labor market has tightened considerably in the past few years. The amount of time people worked each week was unchanged at 34.5 hours, also a notch below a postrecession high.
