Southern US states have loved some of the most powerful process enlargement within the pandemic generation, as neatly as some of the largest salary will increase — and so they’re luring Americans from in different places within the nation.
Add the ones issues in combination and so they give an explanation for why 3 southern states — Florida, Texas and North Carolina — are main the way in which in relation to grabbing a larger percentage of the nationwide paycheck, in line with new state-level information revealed through the Bureau of Labor Statistics.
In the 4 years via September 2023, the ones states boosted their mixed percentage of US personal wages to 17.8% from 16.5%, in line with the most recent Quarterly Census of Employment and Wages carried out through the BLS.
At least some of their beneficial properties got here on the expense of different states. The backside dozen states noticed a collective decline of 1.6 share issues of their percentage of US wages. The drop used to be led through New York, adopted through a handful of most commonly northern states as neatly as California.
Map: Change in combination U.S. personal sector wages, Q3 2019 to Q3 2023. Source: U.S. Bureau of Labor Statistics, Bloomberg News calculations.
Copyright 2024 Bloomberg.
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