As salary offers soar, here's how much wages are rising in Seattle
Wages are steadily rising across the nation in a candidate-friendly market, and the Seattle area is no exception.
That's according to a review of Bureau of Labor Statistics data by The Playbook, which found average weekly earnings rose 5.7% in U.S. metro areas between February 2021 and February 2022. The average employee in a metro area is taking home about $48 more than they were in February 2021 ($920.30 compared with $872.59).
In the Seattle area, earnings rose 6.2% over the last year as average worker pay increased from $1,323.62 a week in February 2021 to $1,406,11 in February 2022. Average wages in the Seattle area, including Tacoma and the Eastside, are already among the highest in the nation, behind Silicon Valley, San Francisco-Oakland and Boston. Local earnings growth was in the middle of the pack (46th) among the top 100 metros.
Small businesses are struggling with how to approach pay in the quickly evolving climate. During the course of 2021, many businesses boosted pay as they sought to attract or retain talent, but experts say that trend led to many companies paying 10% or 20% more than traditional wages for many positions and even more for some in-demand fields — numbers many small companies simply can't afford at a time when the price of nearly everything else also is rising.
https://www.bizjournals.com/seattle/news/2022/04/20/metros-with-the-most-pay-inflation.html
