The job market is looking stronger and that might mean you should be getting a raise. The economy created 211,000 jobs in April, according to U.S. Labor Department data, after downshifting the month before. The jobless rate slid a tenth of a point to 4.4 percent, the lowest level since May 2007, before the recession, and close to what economists consider full employment.
The lower unemployment level is putting upward pressure on wages. The U.S. Labor Department reported average hourly earnings of private-sector workers increased 2.5 percent in the 12 months through April–not exactly surging pay growth, but steady gains.
Are you due for a pay bump? Job-recruiting site Glassdoor thinks so. These are the 10 jobs whose median base pay exceeded by at least twice the rate of U.S. average pay growth since last year. Seven of the 10 pay levels of the jobs cited by Glassdoor were below the median U.S. base pay of $51,159 per year.
10. Registered nurse
> Wage growth year-over-year: 4.5%
> Median base pay: $66,305
9. Cashier
> Wage growth year-over-year: 4.6%
> Median base pay: $27,492
8. Sales representative
> Wage growth year-over-year: 4.6%
> Median base pay: $47,629
7. Store manager
> Wage growth year-over-year: 4.9%
> Median base pay: $48,848
6. Maintenance worker
> Wage growth year-over-year: 5.7%
> Median base pay: $43,175
5. Bank teller
> Wage growth year-over-year: 6.1%
> Median base pay: $28,744
4. Warehouse associate
> Wage growth year-over-year: 6.7%
> Median base pay: $40,882
3. Restaurant cook
> Wage growth year-over-year: 7.0%
> Median base pay: $29,097
2. Customer service manager
> Wage growth year-over-year: 7.1%
> Median base pay: $54,552
1. Recruiter
> Wage growth year-over-year: 7.4%
> Median base pay: $51,216
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
