Economy
America's Best Places for a Raise Since the Great Recession
Over time, the crisis has hit wages and salaries much harder in some metros than in others.
A couple of weeks ago in light of Labor Day, I wrote about the metros with the highest raises over a one-year period using the most current available data. A number of readers commented that it would be even more interesting to see which metros have done the best over a longer period of time.
With the help of Charlotta Mellander, my colleague at the Martin Prosperity Institute (MPI), I went back and looked at U.S. Bureau of Labor Statistics data on wages from 2006 (before the housing and financial crisis) through 2011 (the most current data available) to provide a reasonable picture of the metros that have done the best since the onset of the crisis. The data cover 368 metros. MPI’s Zara Matheson mapped the data (below).