Wages are falling in these US cities in 2023
Real weekly wages have fallen in some US states like California and New York. A look at statistics shows how much the amounts have fallen compared to 2022.
The United States Bureau of Labor Statistics has released the actual earnings report for the month of April. Among the important information shared is that there was a decrease in real weekly wages in the country compared to last year’s data.
According to the BLS report, real average hourly earnings for all employees increased 0.1% from March to April, seasonally adjusted. This result is derived from a 0.5% increase in average hourly earnings combined with a 0.4% increase in the Consumer Price Index for All Urban Consumers (CPI-U)
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According to the report, real average hourly earnings decreased 0.5%, seasonally adjusted, from April 2022 to April 2023. The change in real average hourly earnings combined with a 0.6% decrease in the average workweek resulted in a 1.1% decrease in actual average weekly earnings during this annual period.
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Wages are falling in these US counties
The BLS also shared the county employment and wages report for the fourth quarter of 2022. According to the report, among the 355 largest counties, 240 had declines over the year in average weekly wages.
In the fourth quarter of 2022, the nation's median weekly wage decreased to $1,385, a 2.3% decrease over the year. San Francisco, California, had the largest decrease in the fourth quarter of the year in average weekly wages, with a loss of 22.6%.
San Mateo, California, had a decrease of 20.7%; Elkhart, Indiana, 15.2%; Santa Clara, California, 15%; Westchester, New York, 10.1%, and New York, New York, 9.4%
On the other end of the spectrum, Midland, Texas, had the largest percentage increase over the year in average weekly wages, with a 6.1% gain, followed by Lee, Florida, with a 5.3% gain; Jefferson, Texas, at 4.5%; Osceola, Florida, at 4.1%; and Hays, Texas, at 4.0%.