US jobs rose since 2008 crisis, but pay is 23 per cent less

[Economic]

Jobs growth in the US since the 2008 recession has been undermined by lower wages, with workers earning an average 23 per cent less than earnings from jobs which were lost, a report by an organization representing US cities said on Monday.

The average annual salary in sectors where jobs were lost - particularly manufacturing and construction - during the 2008-9 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents citie ..