Industry Experienced Highest Wage Growth of 5.6 Percent Job-switching rate at 21.3 percent as business and professional services workers experience 8.6 percent wage growth to switch firms #ROSELAND, N.J., April 25, 2018/@PRNewswire/ -- Wages for U.S. workers grew 2.9 percent over the last year, increasing the average wage level by $0.57 to $27.36 an hour, according to the @adp Research Institute® Workforce Vitality Report ( #WVR) released today. The growth, down from 3.1 percent annual growth as of December 2017, was driven by strong wage gains for workers in the #informationindustry (5.6 percent wage growth, $41.38 average #hourlywage), in the West (3.5 percent, $29.27) and from #smallbusinesses (3.3 percent, $25.47). Employees in the #resources and mining industry (1.7 percent, $34.96) and in the #South (2.5 percent, $25.61) had the slowest wage growth.   "In the first quarter of 2018 we saw an acceleration in wage growth for job switchers," said Ahu Yildirmaz, co-head of the #ADPResearch Institute. "Additionally, as the #labormarket tightens employers in some industries are paying a premium for talent with special skills. Job holders, job switchers and new entrants in the #construction and information industries are all experiencing significant wage growth as #employers seek to attract and retain the #skilledlabor these industries require." Among industries, information continued to lead the way for both wage level and wage growth. In addition to the top overall wage growth number of 5.6 percent, new entrants into the #informationfield had 7.6 percent #wagegrowth. Those who successfully switched positions within the information industry had wage growth of 8.3 percent. Employment in the information industry, however, grew just 1.2 percent. The resources and mining #industry had the lowest overall wage growth, just 1.7 percent.  New entrants into the field showed negative wage growth, at -3.5 percent. #Employment in the resources and #miningindustry grew 4.2 percent. #stockmarketmonitor #stockmarketing #investments #jobsearch #jobs @adpcareers @nycjobs @constructionjunkie #mining @up_mining_study_centre @wmi_co #corporate #businessowners
