Spotlight on the financial system: Slow development in common pay | Business Local

The primary 12 months of the Covid-19 pandemic was notable for the spike in pay as frontline staff received hefty raises in return for staying on the job.

The second 12 months of the pandemic was notable for a return to extra regular wage will increase.

Throughout the Buffalo Niagara area, common weekly pay at non-public sector corporations grew by simply over 3% from Feb. 2021 to Feb. 2022 – roughly according to the will increase that had been frequent earlier than the pandemic.

Whereas the weekly pay will increase throughout the Buffalo Niagara area had been lower than the 7% enhance nationally, they had been tied with Syracuse for the second-highest throughout upstate New York. And common weekly pay right here is about 6% greater than the nationwide common.

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