US jobs rose since '08 crisis, but pay is 23% less: report

[n2doc]

Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.

The average annual salary in sectors where jobs were lost - particularly manufacturing and construction—during the 2008-2009 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.

Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.


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http://www.cnbc.com/id/101911360#.

[Lochloosa]

1. It has taken me five long years to get back to where I was as far as wages

And I'm in a field where experience means everything.

[uponit7771]

2. Had Obama not been president it would've been 46% less.... Ahead of schedule job wise relative

... to structural financial collapses in the past