Wages rise in San Francisco and San Diego, stagnant in L.A.
Wages in the country’s largest metropolitan areas seem to be bouncing back, with third-quarter paychecks in 16 of 20 major cities rising or remaining stagnant when compared with the same period in 2010.
Seattle led the list with a 1.9% jump, according to PayScale.com, which tracks cash compensation for full-time private industry employees.
Next up was San Francisco, which saw a 1.6% increase. The city by the Bay had struggled since 2009, and earnings are still well below their peak three years ago.
Houston, Boston and Washington rounded out the top five. San Diego was seventh, with wages up 0.8%.
Los Angeles, which has suffered one of the worst annual performances of any cosmopolitan area, recovered enough to keep wages steady year over year. But paychecks in the city are still about 3% thinner than they were before the recession.
Wages in Riverside are down 1%.
-- Tiffany Hsu
Photo: A wallet. Credit: Julio Cortez / Associated Press