Wages Rise 3.1 Percent, Fastest in a Decade

Wages Rise 3.1 Percent, Fastest in a Decade
A construction worker on a floor of a building under construction in San Francisco on Oct. 5, 2018. Justin Sullivan/Getty Images
Petr Svab
Petr Svab
reporter
|Updated:

Employers are paying out in wages and salaries 3.1 percent more than a year ago—a record growth for this decade, according to third quarter data for the private sector.

The increase signals a growing effort by employers to keep their workers in a vigorous economy with unemployment at its lowest since 1969.
Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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