Third-quarter wages in the United States increased 3.3 percent, in line with growth in the months before the COVID-19 pandemic, while job switchers’ pay is up 6.6 percent since September 2020, as employers sought to attract new workers with competitive compensation, according to the ADP Research Institute Workforce Vitality Report (WVR) released Oct. 27.
Employment growth also increased by 4.1 percent year-over-year in September 2021, according to the report (pdf), with positive wage growth across almost all trade sectors including professional services and construction, which lead the way.
