See the U.S. cities where worker pay is rising fastest
Summary
Worker pay in the U.S. rose by 4.7% in August compared to a year ago, with base pay increasing by 3.2%. Some cities saw faster wage growth due to job growth, worker shortages, and high employee turnover, especially in areas with manufacturing and financial services jobs.Key Facts
- Nationwide, worker pay grew 4.7% in August compared to last year.
- Base pay (regular wages) increased by 3.2% on average.
- Cities with faster wage growth often have many job openings and not enough workers.
- High employee turnover also pushes wages higher in some metro areas.
- Manufacturing and financial services industries show stronger wage growth.
- ADP Pay Insights provided private-sector wage data; government data includes all jobs.
- Overall wage growth at 3.1% in August was the slowest since May 2021.
- U.S. added 162,000 jobs in August, exceeding economists’ expectations.
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