New York City Posts Job Growth, Wage Increase

Average weekly wages in New York City are up, and all five boroughs gained jobs, according to new information from the Bureau of Labor Statistics.

Average weekly wages in New York City are up, and all five boroughs gained jobs, according to new information from the Bureau of Labor Statistics.

Wages in Manhattan rose 9.2 percent over the first quarter of 2011, exceeding the national average of 5.2
 
The average wages grew to $2,634, the highest average of counties with over 75,000 or more jobs. Queens led the rest of the boroughs, with average weekly wages at $844. Staten Island and Brooklyn were the lowest paying counties, with average wages below $800 per week.
 
The national average is $935.
 
The report attributes Manhattan's overall increase to wage gains in the financial sector, which rose 12.3 percent over the year. Four of the 10 counties with the highest wages in the nation were located in and around New York, with Fairfield in Connecticut and Somerset and Hudson in New Jersey trailing Manhattan in weekly wages among the 322 largest counties in the nation. 
 
All five of New York City's boroughs gained jobs, with Brooklyn seeing a 3.7 percent increase, the most in the city. The Bronx posted the smallest employment gain, under 1 percent.
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