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Tag: workforce composition

Pay up

June 1, 2021June 4, 2021 by Allen Harris

Weekly pay is up 3.9 percent from March 2020 to March 2021, according to the Bureau of Labor Statistics. That may not sound like much. However, before the pandemic, growth rates had ranged from -0.8 percent to 2.9 percent, dating back to January 2011. From January 2011 to March 2020, there were 20 occurrences of zero or negative weekly earnings growth. In contrast, there were only seven occurrences that exceeded 2 percent. Year-over-year growth of weekly earnings since April 2020 has been stellar, averaging 5.1 percent. It’s not uncommon for average wages to grow higher during recessions. Sounds crazy, right? When…

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Berkshire Money Management, Inc.
161 Main Street, Dalton, MA 01226
322 Main Street, Great Barrington, MA 01230
(413) 997-2006 | (888) 232-6072

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