Is your paycheck getting any bigger??
The Phoenix metro area is slightly outpacing the national average in compensation costs for private company workers, according to the data released by the Bureau of Labor Statistics Monday. The report showed wages and benefits went up 2.8 percent from September 2015 to September 2016, compared to the U.S. average of 2.3 percent. Wages and salaries alone increased 2.6 percent over the year, compared to the U.S. average increase of 2.4 percent.
The agency looked at the 15 largest metropolitan areas in the United States; Los Angeles saw the biggest gains while Houston saw the lowest. Phoenix ranked last of the four areas in the West region of the country.
See where each city ranked below.
According to the Labor Department, employer compensation costs in the Phoenix area have risen on average 1.6 percent a year since 2012.
