The L.A. metro area’s median base pay grew 0.5 percent in a one-year period through July 17 to $59,064, below the national average of 1.2 percent, according to a report from jobs website Glassdoor released Tuesday.
The figures mark the slowest pace of wage growth in three years, indicating a continued slowdown in pay increases nationally, despite low unemployment and healthy jobs numbers, according to the report that is based on millions of anonymous salary reports shared on Glassdoor.
“While major economic indicators show that the labor market is healthy ¬– unemployment is low at 4.4 percent, 222,000 new jobs were added last month, and there are 5.7 million jobs open in the U.S. today – the benefits of this strong economy are not being shared widely among workers,” Andrew Chamberlain, chief economist for Glassdoor, said in a statement.
L.A. pay reports show weaker pay growth for many traditionally middle-class jobs, according to Glassdoor. Office manager pay, according to the report, is down 1.2 percent to $56,440, and operations analyst pay is down 3.7 percent to $58,274.
Advances in software and automation are also putting pressure on jobs. New technology has led to loan officer pay decreasing 2 percent to $49,978 in the L.A. area, and design engineer pay dropping 1.9 percent to $84,360.View Article