The Seattle area led the nation in wage increases during the third quarter, buoyed by the region’s strong high-tech industry, according to the a new report from PayScale. The study of the top 20 metro markets in the U.S. put Seattle on top with overall wage increases of 1.9 percent during the quarter. That was just ahead of San Francisco, which showed an increase of 1.6 percent.
The two high-tech hubs were among just six cities with wage increases of one percent or more. We’ve certainly been tracking the hot high-tech job market in the Seattle area, with companies such as Amazon.com, Google, EMC/Isilon, Zulily and others hiring at a rapid pace.
“The good news is that some metro areas, particularly those with strong high-tech and energy industries, are starting to see actual wage increases for typical jobs. The bad news is that, in a normal growing economy, for example, back in 2007, we would be talking about 3 percent or higher increases everywhere,” said Al Lee, director of quantitative analysis at PayScale.
Here’s a look at the wage increases by geographic region and by job classification.