April 13, 2015. In this report, FPI’s analysis shows that New York City’s recovery is finally starting to generate wage gains.
After years of wage and family income declines since the 2008-09 recession, several signs are emerging of real wage growth in New York City. The three major current government economic data sets all point to fairly widespread and firmly-established wage growth beginning in 2014.
- Bureau of Labor Statistics (BLS) average private hourly earnings data show a 2.7 percent