The Impact of the Current Economy on Wage Growth

WHITEPAPER

Wage Growth

The coronavirus pandemic has sent shockwaves through the American workforce, the repercussions of which are still being felt.

Fortunately, PayScale’s robust ecosystem of compensation data provides fresh insight and intelligence into the current state of the labor market, including how wages have changed across industry, occupation and metro areas year-over-year and in recent months.

Download this informative whitepaper (last updated July, 2020) for highlights such as:

  • Wage growth by industry slowed to 0.5 percent this year compared to 1.6 percent last year and dropped to -0.7 percent between February and March of 2020.
  • Occupations that saw the greatest wage growth in March despite the coronavirus include Information Technology, Science & Biotech and Media & Publishing.
  • Out of the top 40 major metros, Houston saw the greatest percentage decrease in wages and Nashville saw the biggest percentage increase.