The latest edition of the Glassdoor Local Pay Reports show U.S. median base pay rose 3.1 percent year over year in November to $51,372. That’s up from 2.8 percent growth last month and is the fastest pace in Glassdoor salary data since 2013—more evidence of today’s strong and growing labor market.
Pay Gains by Metro
Among metros tracked by Glassdoor, the most notable year-over-year growth in November was in Los Angeles at 4.3 percent to $58,973 median base pay . That compares to 3.9 percent last month. Los Angeles is followed by San Francisco (4.0 percent to $65,280, down from 4.2 percent last month), New York City (3.3 percent to $60,168, down from 3.9 percent last month), and Chicago (3.1 percent to $55,872, up from 2.8 percent last month). Houston’s year-over-year median base pay growth was just 1.0 percent in November, down from 1.6 percent last month, to $54,173.
Truck Drivers, Recruiters See Large Pay Gains
Several blue-collar jobs experienced significant year-over-year gains in pay in November. Though down from October’s robust 7.8 percent growth in the U.S., truck drivers continued to see above-average wage gains, with median base pay rising 5.3 percent from one year ago to $52,422 per year. Construction laborers saw wages rise 8.6 percent to $37,153 per year. Machine operator pay rose 7.3 percent to $36,955 per year in the U.S.
In today’s tight labor market, the November Glassdoor Local Pay Reports show recruiters are experiencing some of the nation’s fastest pay growth. Pay for recruiters in the U.S. rose 7.6 percent year over year in November to $50,105 per year. In an era of low unemployment and near-record job openings, it’s no surprise that HR sourcing experts are in high demand today, putting upward pressure on wages for these roles.
Finally, this month’s report shows continued wage gains for jobs in professional services. In the U.S., business development managers saw pay rise 6.4 percent to $71,399 per year. Product manager pay rose 7.5 percent to $92,852 per year. And customer service managers saw pay rise 8.1 percent year over year to $49,218 per year.
Is Automation Slowing Pay in Professional Services?
Despite today’s robust job market, not all jobs today are seeing rapid pay growth. Several white-collar professions that are increasingly at risk of being displaced by software-based automation are also experiencing low wage growth.
Insurance agents—who like travel agents before them are largely being replaced by self-service websites—saw pay rise just 0.9 percent in the U.S. to $36,989 per year. Similarly, financial analysts, who are increasingly being displaced by sophisticated business analytics software and automation, saw pay rise just 0.7 percent to $61,831 per year.
Although health care wages are rising fast for roles like pharmacy technician (6.1 percent) and registered nurse (4.6 percent), wages for medical technologist fell in November by 2.5 percent from a year ago to $51,117 per year. Similarly, pay growth for physical therapists remained sluggish in November in the U.S., growing just 1.0 percent to $71,468 per year. Growth was down 2.5 percent for physical therapists in the U.S. in October.
How Does it Work?
Like the new tool Know Your Worth by Glassdoor, Local Pay Reports incorporate millions of salaries directly collected from U.S. workers by Glassdoor and apply a proprietary machine-learning algorithm to estimate trends in local pay.
The Local Pay Reports estimate year-over-year growth in median base salaries by job title for more than 60 jobs across more than 15 occupational categories, including education, technology, retail and more. The reports also estimate median base pay for nearly 40 and six employer sizes, and provide a monthly trend of metro-level median base pay for each local market over the past four years.
Our new Local Pay Reports fill an important gap in our knowledge about monthly wage growth at the local level for specific jobs. By contrast, official BLS “Occupational Employment Statistics” are updated only once per year, and use broad occupational groupings that can be confusing for job seekers. Glassdoor Local Pay Reports are released monthly—using the latest salary data from Glassdoor—and show pay for actual job titles that are easy for non-economists to understand.
For detailed information regarding methodology, visit here.
Monthly Jobs Report Expectations
The latest jobs report from the federal government is due out on Friday. This month, we expect to see 160,000 new jobs and a steady 4.9 percent unemployment rate in November. See our full analysis for more commentary and predictions here.
To learn more or subscribe to the monthly email alerts, visit: https://www.glassdoor.com/research/. The Glassdoor Local Pay Reports can be found here: https://www.glassdoor.com/research/local-pay-reports/.