the geography of jobs: charting wage growth (infographic)
DESCRIPTION
Job growth finally appears to be on a sustained upswing, but how are variations in growth among and within industry segments impacting wage growth at the national and state level? View a breakdown of US employment and wage growth in two industries: Professional and business services and leisure and hospitality. Read the full report here: http://dupress.com/articles/wage-growth-by-sector-state/id=us:2sm:3ss:dup946:eng:dup:092914TRANSCRIPT
Wage tertile: n High n Medium n Low
7.53%, 0.07%COLORADO
2.60%, 3.16%IOWA
3.13%, 3.83%MASSACHUSETTS
1.63%, 5.29%MINNESOTA 5.20%, 3.58%
NEW YORK
5.22%, 9.98%NORTH DAKOTA
4.98%, 1.45%WEST VIRGINIA
6.70%, -0.29%DISTRICT OF COLUMBIA
9.20%, 7.70%WASHINGTON
8.42%, 5.87%UTAH
-5.44%, 15.07%ALASKA
5.34%, 0.25%MONTANA
7.64%, 5.95%LOUISIANA
9.86%, 3.70%TEXAS
-1.13%, 5.98%SOUTH DAKOTA
.47%, -1.42%NEBRASKA
9.79%, -0.82%OKLAHOMA
LEISURE AND HOSPITALITY
Wage tertile: n High n Medium n Low
8.29%, 5.51%COLORADO
2.68%, 17.94%IOWA
5.37%, 1.19%MASSACHUSETTS
4.84%, -2.62%MINNESOTA 5.55%, -0.61%
NEW YORK
7.60%, 1.44%NORTH DAKOTA
8.22%, -6.65%WEST VIRGINIA
3.70%, 5.79%DISTRICT OF COLUMBIA
6.33%, 0.49%WASHINGTON
7.21%, 13.13%UTAH
-1.66%, 1.87%ALASKA
-0.99%, -0.60%MONTANA
5.0%, 1.41%LOUISIANA
8.52%, 9.46%TEXAS
5.82%, 1.15%SOUTH DAKOTA
-0.37%, 0.94%NEBRASKA
-0.28%, 12.34%OKLAHOMA
PROFESSIONAL AND BUSINESS SERVICES
6.29%, 5.78%COLORADO
2.86%, 4.22%IOWA
3.81%, 3.94%MASSACHUSETTS
3.45%, 2.40%MINNESOTA 3.74%, 3.25%
NEW YORK
8.72%, 9.26%NORTH DAKOTA
1.39%, 6.28%WEST VIRGINIA
6.07%, 2.79%DISTRICT OF COLUMBIA
5.59%, 4.19%WASHINGTON
7.63%, 6.52%UTAH
.60%, 6.18%ALASKA
4.99%, 2.66%MONTANA
4.52%, 4.67%LOUISIANA
7.38%, 6.85%TEXAS
1.99%, 3.48%SOUTH DAKOTA
1.74%, 2.11%NEBRASKA
3.85%, 2.84%OKLAHOMA
Wage tertile: n High n Medium n Low
NATIONAL AVERAGE (all economic sectors)Two-year percentage employment growth
Two-year percent wage growth
TWO-YEAR COMPARISON OF EMPLOYMENT AND WAGE GROWTH: PROFESSIONAL AND BUSINESS SERVICES AND LEISURE AND HOSPITALITY
THE GEOGRAPHY OF JOBS, PART 2:CHARTING WAGE GROWTH
Only 16 states and the District of Columbia currently have employment and wage growth more than 1 percent above the national average.
ISSUES BY THE NUMBERS
Source: Bureau of Labor Statistics, "Current employment statistics," US Department of Labor.
Graphic: Deloitte University Press | dupress.com
Copyright © 2014 Deloitte Development LLC. All rights reserved.
Professional and business services employs 1.2 million more people than it did when the recession started in December 2007.
The leisure and hospitality sector is operating with 1 million more jobs than it had in December 2007.
Between July 2012 and July 2014, average US hourly wages grew at a slow 4.0 percent, exactly matching the change in prices for the same period.
However, the zero aggregate real wage growth at the national level masks the diversity of job creation that occurred at the state level.