By the Numbers October 26, 2018
BountyJobs Bites Wages for U.S. Workers Rise 3.5% Year Over Year The Numbers: “Wages for US workers increased 3.5% over the last year, raising the average wage level by 95 cents to $27.81 an hour, according to the ADP Workforce Vitality Report, released today. The growth was driven by strong wage gains for workers in the professional and business services industry, and in trade.” Payroll Growth Solid, Jobs Growth Decelerating The Numbers: Payroll growth is solid this month, but the US private-sector rate of job creation decelerated to its slowest since June 2017, according to the IHS Markit Flash US Purchasing Managers Index. Services industries reported that tight labor market conditions had held back recruitment plans. “The flash PMI surveys indicate that the pace of economic growth gained momentum again in October after having been subdued mainly by adverse weather in September. The headline PMI is running at a level broadly consistent with the economy growing at [...]