Wage Growth in Philadelphia Area Lags Behind National Average

With unemployment low and consumer confidence high, holiday retail sales for November and December are estimated to increase 3.6 percent to 4 percent. (MONTCO.Today file photo)

A new study published by online job site Glassdoor shows that the Greater Philadelphia area needs to step up its game when it comes to wage growth, according to a staff report from Philadelphia Business Journal.

According to the study, the annual median base pay in the Greater Philadelphia area grew just 1.6 percent year on year from April 2016-2017. This is significantly lower than the average of 2.7 percent nationwide.

In fact, Philadelphia recorded the ninth worse growth rate among the nation’s ten largest metro areas coming in just above Houston, which only had a one percent increase. The metro areas with the highest pay growth were Los Angeles at 3.8 percent and Seattle at 3.1 percent.

However, looking at the overall results of the study Glassdoor Chief Economist, Andrew Chamberlain, expressed optimism, calling them positive.

“The job market continues to be fast-growing and we are seeing big gains in salaries for jobs that are typically low-wage, like restaurant cook and customer service manager.” he said.

While not as big as in other cities, those gains are also true in Philadelphia. The metro area recorded big gains in retail roles such as store managers, which saw a year-over-year bump of 5.5 percent.

Read more about the study at Philadelphia Business Journal by clicking here.

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