National (US) Pay Trends

Updated

National Wage Growth, Q2 2021

0.6%
since last quarter
2.6%
year over year
19.0%
since 2006
SEE METHODOLOGY

Highlights Q2 2021

Claiming the top spot for Q2, nominal wages in Tampa grew by 1.0% Q/Q and 3.6% Y/Y. Austin and Raleigh round out the top 3, where wages grew by 3.2% and 3.3% Y/Y, respectively.

Kansas City has stayed at the bottom of the rankings for wage growth. The metro saw 1.0% Y/Y growth and a flat -0.02% Q/Q growth. The metro area is a manufacturing hub, which may struggle to recover quickly from the pandemic economy.

The accommodation & food service industry takes the largest nominal wage growth in Q2, at 3.8% Y/Y and 1.2% Q/Q. With a re-opened economy after the pandemic, travel, hospitality, and food services sectors may be seeing increased demand that is promoting wage growth in this area.

Remaining at the bottom of our rankings since Q3 2020, Agencies & Consultancies saw 0.5% Q/Q growth and 1.5% Y/Y growth. This sector may be slow to recover from the COVID-19 economy, which had spurred businesses to drop outside services from this industry due to reduced revenue as the economy has suffered.

Food service & restaurant jobs take the largest nominal wage growth in Q2, at 4.1% Y/Y and 1.6% Q/Q. With a re-opened economy after the pandemic, travel, hospitality, and food services sectors may be seeing increased demand that is promoting wage growth in this area.

Architecture & Engineering jobs have remained last since 2020 Q4, now with 1.6% Y/Y growth and 0.4% Q/Q growth. While this occupational group spans many fields and industries, the COVID-19 pandemic has likely disrupted projects and supply chains that sustain this sector

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Real Wage Index

Since 2006, wages have risen 19.0 percent overall in the U.S. But when you factor in inflation, “real wages” have actually fallen 8.8 percent. In other words, the income for a typical worker today buys them less than it did in 2006. The PayScale Real Wage Index incorporates the Consumer Price Index (CPI) into The PayScale Index (which tracks nominal wages) and looks at the buying power of wages for full-time private industry workers in the U.S.

Real Wage Growth, Q2 2021

-0.6%
since last quarter
0.3%
year over year
-8.8%
since 2006
SEE METHODOLOGY

The PayScale Index: National Real Wage Index (US)

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Methodology for The PayScale Index: Trends in Compensation

The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees and education professionals in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.

See full methodology for compensation trend reports.

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