Area Workers Finally Making What They Did In 2007

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SOUTH FLORIDA (CBSMiami) – South Florida workers are finally making the same amount of money as they did in 2007.

Following the Great Recession and a sluggish recovery, the PayScale Index indicates South Florida wages have reached their highest levels in five years, the South Florida Business Journal reported.

The good news comes as wages in the tri-county area rose three percent in the fourth quarter compared to the same time in 2011.

Katie Bardaro, lead economist for PayScale, said she attributes the increase to growth in industries that have a strong local presence, such as accommodation, food services and transportation.

The company’s index tracks the 20 largest metropolitan areas and reveals how much an employer pays a worker today, versus last year, for the same job. It also shows how much money employees can expect to earn in the same position compared to last year.

Read more in the South Florida Business Journal article.

(TM and © Copyright 2013 CBS Local Media, a division of CBS Radio Inc. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The South Florida Business Journal contributed to this report.)

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