Wages in South Florida took a dip last summer, despite a spike in hiring.
New federal data show that while employment continues to grow in Broward and Miami-Dade counties, the average weekly wage dropped during the second quarter of 2012. In Broward, the weekly wage dropped .7 percent to $830 and in Miami-Dade it inched down .5 percent to $876, according to the Bureau of Labor Statistics.
The shift is tiny, and bucks an overall trend of rising wages in South Florida since the end of the 2007-09 recession. But the statistics also show South Florida underperforming most of the nation as the recovery gains traction. Of the ten largest counties in the country, only Miami-Dade saw wages decrease between the second quarter of 2011 and the second quarter of 2012.
Taking the broader pool of the 329 largest counties in the United States, Broward have 276th worse record in terms of wage gains for the second quarter of 2012, and Miami-Dade the 269th.
Both counties fared far better in terms of adding jobs, with employment up 2 percent in Broward and 2.3 percent in Miami-Dade. That put Broward in 122nd place in terms of employment growth among the large counties, and Miami-Dade in 98th place.
Jobs grow, wages dip
This article
Jobs grow, wages dip
can be opened in url
http://reflectingnews.blogspot.com/2013/01/jobs-grow-wages-dip.html
Jobs grow, wages dip
