Thursday, March 29, 2012

End of Furloughs Vaults Sacramento County into Top 5 in wage Growth in 2011, 3rd quarter

The BLS just released the Quarterly Census of Employment of Wages for the 3rd quarter of 2011

Sacramento County has been near the bottom of the nations 323 largest counties in this report quarter after quarter.  However, the latest report shows Sacramento vaults to #5 in the nation in average year-year wage growth with 9.8% increase between 2010Q3 and 2011Q3. 

Job growth was still close to zero, but wage growth jumped.  The furloughs definitely had an effect.  Interesting timing how the temporary taxes and furloughs expired at the same time. 

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