Latest statistics from the US Employment Data have gone on to reveal how Americans were paid even more in the month of January in 2022, as wages continued to surge.
The Bureau of Labor Statistics confirmed the news adding how the average hourly earnings for so many workers went all the way up to $31.63 in the last month. And that is a nearly 5.7% rise from what it was one year back.
On the other hand, the statistics have also revealed how both productions, as well as non-supervisory workers, were on average earning up to $26.92 in just one hour, which is nearly 6.9% from January 2021.
But wait, that does not mean that workers are only making more money because finance experts claim that they’re also on the hunt to secure better-paying jobs.
This piece of news is definitely a welcoming change for many after so many months of people quitting in record numbers.
Other experts referred to this as a great reshuffle as individuals aren’t just willing to leave their jobs completely but are on the rise of making a better life with better opportunities out there.
On the other hand, so many industries are enticing workers with higher pay as a means of getting back job switchers who may have left after feeling undervalued for their hard work and hours put in.
One expert revealed how more money definitely indicates more jobs and that’s exactly what is taking place right now.
The recent BLS data has also shown how so many new jobs were added in the month of January. This includes nearly 467,000 nonfarm payrolls.
In addition to that, statistics also proved how there were nearly 709,000 more jobs added in the months of November and December than what was originally recorded.
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