Salient to Investors:
Paul Ashworth at Capital Economics said:
- The 1.3 million private-sector jobs created in half1 2014 paid an average of $867 a week versus $843 per week for the existing 117 million private-sector jobs.
- Mining, construction and business-services companies – which traditionally pay more than the average – are increasingly hiring.
- The loss of 17,000 information jobs this year is negative given they tend to pay well above average.
- Accelerating wage growth may be one of the biggest stories for half2 2014.
Read the full article at http://www.bloomberg.com/news/2014-07-25/quality-following-quantity-in-u-s-hiring-with-867-pay.html
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