In California, the average weekly wage rose by $114 to $1,872 in Q4 2024, marking a 6.5% increase. However, this growth is not uniform across the state. Eight counties, mainly around the Bay Area, saw substantial increases averaging 12.6%, while eight counties reported lesser growth averaging only 2.6%. The disparity is significant, with the larger job markets who experienced bigger raises shrinking slightly in workforce. This reflects a duality where tech companies, despite layoffs, remain competitive in attracting talent, creating an uneven economic landscape across California.
Eight counties in California saw weekly wage increases above or near the 6.5% statewide average, primarily located around the Bay Area.
The big-raise counties averaged 12.6% wage increases, emphasizing the disparity in wage growth across different regions in California.
Despite job counts dropping by 0.2% in high-wage counties, companies continue to offer competitive salaries for key talent amid a changing tech landscape.
In contrast, the eight counties with the smallest wage increases averaged a mere 2.6%, highlighting the geographic wage divide in California.
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