A man holds U.S. one-hundred dollar banknotes (Photographer: Sanjit Das/Bloomberg)

New York Area Services Wages Jump to an Eight-Year High

New York Area Services Wages Jump to an Eight-Year High

(Bloomberg) -- A wage index covering service sector firms in New York, northern New Jersey and southwestern Connecticut jumped eight points to 45.3 this month, the highest level since October 2010. This suggests that salary gains were widespread in February and have rebounded from the dip seen since last fall, according to the New York Federal Reserve gauge, whose headline business activity index also climbed.

©2019 Bloomberg L.P.