Paydays in Manhattan Plumping Up
(Crain’s) — Fueled by steep increases in securities industry payouts, the average weekly wage in Manhattan jumped 11.9% in the first quarter of 2010 over the year-earlier period, the biggest gain in any large county in the nation, new federal data show. In Manhattan, the average weekly wage was up $255 to $2,404, which is by far the highest wage in any large county in the country, according to figures released Tuesday by the U.S. Bureau of Labor Statistics. The wages rose an astounding 91.4% in the securities industry in Manhattan, to $12,573, and jumped 22.7% in the broader financial activities sector, to $7,709.
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