Women saw faster wage growth than men this year amid a tight US labor market, although they still were paid more than 25 percent less on average, according to newly compiled data from ADP Research Institute released on Wednesday.
The pace of pay increases for women surpassed that of men every month since January. Women’s wages were up 7.8 percent last month from a year earlier, compared with 7.5 percent for men.
Younger workers also benefited from a pandemic-era boost in wages, with double-digit gains this year, the data showed.
Still, women remain underpaid. Men earned US$64,100 annually on average last month, while women made US$47,000, it showed.
It means women earned about US$0.73 for every US$1 men made, based on payroll transactions of more than 25 million workers. Younger workers are also generally paid less than more experienced peers, the data showed.
Wage growth in the past few months has overall flattened after a sharp acceleration in the previous year.
The year-on-year change remained elevated at 7.6 percent last month, ADP said.
That is not enough to make up for inflation, which has been eating into households’ budgets this year, it said, adding that the wage rate was running at about 2 percent last year.
The revamped ADP report, which provides detailed wage data for the first time, confirmed two trends in the tight labor market: lower-paid workers and people who switched jobs are getting bigger pay raises.
By industry, workers in leisure and hospitality, along with trade, transportation and utilities, posted the strongest annual pay growth. Higher-paying industries such as finance, information and professional services had smaller gains.
The report also showed those working at larger companies are seeing faster pay growth — 8.3 percent for companies with more than 500 workers, compared with 5.4 percent at those who employ fewer than 20 people.
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