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Wages rise at annual rate of 3.4%, job-switching slows: ADP

from Staffing Industry Analysts

Wages for U.S. workers increased at an annual rate 3.4 percent in December, raising the average wage level by 93 cents to $28.06 an hour, according to the fourth-quarter ADP Workforce Vitality Report. The report also found 20.5 percent of U.S. employees successfully switched firms in the last year, highlighting an overall slowdown in job switching. In the same time period last year, 21.2 percent switch firms. more

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