The Free State of Florida Leads Nation in Wage Growth
The Bureau of Labor Statistics released the County Employment and Wages Summary on May 25. [DATA HERE].
The economic tracking measures the employment and wage increases at a county level throughout 343 counties in the nation. (The BLS measures the data on an annual basis from December 2020 through December 2021)
The national average rate of wage growth at a county level was 5.9%, far lower than the measured 8.5% inflation rate. That means real wages, the income of most Americans at the county level have dropped.
23 Florida counties are included in the BLS tracking. An incredible 21 out of 23 Florida counties have wage growth that far exceeds the national average. [BLS, Table-1]
Additionally, Florida holds the top spot for the highest annual rate of wage growth in Palm Beach County with 15.6%…. AND… Florida holds the top spot for the highest annual rate of wage growth amid the ten largest counties, with Miami-Dade wage gains of 11.1%. [BLS, Table-2]