News Average pay growing slower in the city than across the country: U.S. Bureau of Labor Statistics Close-up Of Businessperson Hands Giving Cheque To Other Person At Desk Photo Credit: Getty Images/iStockphoto / AndreyPopov By Sarina Trangle sarina.trangle@amny.com @SarinaTrangle Updated November 9, 2017 5:13 PM Print Share fbShare Tweet Email Average weekly wages have been rising across all five boroughs, but not as quickly as the rest of the country, according to data released Thursday by the U.S. Bureau of Labor Statistics. Weekly pay in Manhattan grew 6.3 percent between the first quarters of 2016 and 2017, hitting $2,954. That increase is just shy of the nationwide 6.6 percent average growth rate, the data showed. Average weekly wages in New York City did not rise evenly, however, and ranked among the bottom quarter of the nation’s large counties in pay growth, the bureau said. Staten Island saw the slowest growth — 4.3 percent — in average weekly pay, according to the analysis. The bureau noted that most of Manhattan’s average weekly wage growth could be attributed to a 10.7 percent bump in average weekly compensation in the financial sector. Pay also rose in trade, transportation, utilities and manufacturing, according to the bureau. Average Weekly WagesManhattan — $2,954, a 6.3 percent increase Nationwide — $1,111, a 6.6 percent increaseQueens — $1,010, a 4.7 percent increaseBronx — $971, a 5 percent increaseStaten Island — $903, a 4.3 percent increaseBrooklyn — $864, a 5.1 percent increaseNote: This data came from the U.S. Bureau of Labor Statistics and tracks average weekly wages between the first quarters of 2016 and 2017. By Sarina Trangle sarina.trangle@amny.com @SarinaTrangle Sarina covers real estate and business for amNewYork. She previously reported for City & State NY, The TimesLedger in Queens and The Riverdale Press in the Bronx. Share on Facebook Share on Twitter Comments We're revamping our Comments section. Learn more and share your input.
