Dee DePass has been a Star Tribune business reporter since 1993, covering small business, financial institutions, manufacturing and, most recently, the economy. Originally from New York, Dee came to Minnesota after earning her master's in journalism at the University of Maryland and her undergraduate degree at Vassar College.

Compensation by county rose modestly in 2010

Posted by: Dee DePass under Compensation Updated: December 14, 2011 - 4:06 PM

The good news is salaries and wages rose slightly  in counties across the nation in 2010 The sobering news is that most paychecks didn’t rise very far above inflation.

Total compensation rose just 2.2 percent “as net job losses partially offset compensation growth,” according to data released Wednesday by the U.S. Bureau of Economic Analysis. Wage growth was just ahead of inflation’s 1.8 percent rate.
The biggest gains came from professional, scientific and technical jobs and in banking and insurance. Compensation rose in 2,480 counties and fell in 633. 

Santa Clara in California enjoyed a 9.8 percent jump in wages, while others such as San Mateo County saw wages plummet 4.3 percent.

Minnesota’s largest counties registered more moderate gains. Hennepin County saw total compensation rise 3.4 percent to $61.2 billion. On average workers saw 3.3 percent raises that brought their wages and salaries to $70,749.
Ramsey County compensation rose 2.6 percent to $21.5 billion in 2010. On average, workers took home 3.3 percent more in pay or $63,288.

Dakota County wages rose 1 percent to $10.163 billion or by an average 2.1 percent to $56,220 per job.
Such wages compared to the average $46,438 earned in El Paso County, Texas and the $116,047 earned in the county of New York.
 

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT