The Cities Where Wages Are Plummeting: 24/7 Wall St
10. Santa Cruz-Watsonville, Calif.
> 1 yr. wage growth: -0.8%
> Average weekly wage: $849
> Dec. 2011 unemployment: 13.0%
> Dec. 2012 unemployment: 11.2%
> 1 yr. employment change: +7.8%
The average wage per week in the Santa Cruz metropolitan area was $849 in the fourth quarter of 2012, down slightly from $856 a year prior. Although employment grew by 7.8% between December 2011 and December 2012, much of the growth was in lower-paying fields. The leisure and hospitality industry, a low-paying occupation and one of the larger private industries in the Santa Cruz area, grew by 11.7% during that time. Other prominent industries that pay generally higher wages grew at far smaller rates. For instance, employment in the education and health services grew by less than 1%.
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