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San Francisco County Sees 30% Gain in Weekly Wages in 2Q21

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Plastics industry growth prospects intact amid slower q3 for us economy
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San Francisco County had the largest year-over-year increase in wages of all large counties in the United States with a 30% gain in average weekly wages in 2Q21 to $3,412 a week, according to a news release from the Federal Bureau of Labor Statistics.

The growth was driven  by a 117% rise in wages for financial activities, the equivalent of $4,526 a week. In the same period employment in San Francisco County grew by approximately 3% and inflation by 4%.

San Francisco was joined among the large counties  with high wage growth by Elkhart Indiana and Santa Clara, California. Elkhart saw average wages spike by 22% to $1120 a week, while Santa Clara saw wages rise by 14.6% to $3,516 a week.

In the United States as a whole wages grew by 4.5% in large counties to an average of $1,241 a week while employment grew by 6.7%. 

Wells Fargo and the San Francisco Federal Reserve Bank are based in San Francisco.

(By Feike de Jong)

Tags: Country SeesSan FranciscoWeekly Wages

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