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 Viral Videos

Watch this giant panda have a ball playing in snow

Fresh
21-overlay3

This panda is pumped to see the first snowfall of the season.

in Entertainment

REVIEW: Third installment of ‘Hunger Games’ doesn’t disappoint

In this image released by Lionsgate, Jennifer Lawrence portrays Katniss Everdeen, right, and Liam Hemsworth portrays Gale Hawthorne in a scene from "The Hunger Games: Mockingjay Part 1."

Reluctant hero Katniss Everdeen faces the broiling drama of a budding revolution in "The Hunger Games: Mockingjay - Part 1."

in Entertainment

Modern version of ‘All in the Family’ in the works

allinthefamily

The groundbreaking '70s sitcom is being reworked for a 2015 audience.

in Music, Viral Videos

One Direction takes #cutestselfieever

16-overlay5

The boy band dons tiaras and feather boas and brought in a host of characters for a one heck of a photo.

in Trending, Viral Videos

TODAY’S MUST SEE: ‘The Hungry Names’ or ‘The Hunger Games?’

16-overlay4

"The Tonight Show" hits the streets to talk with people about one of the year's most anticipated movies.