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New York Area Services Wages Jump to an Eight-Year High
Wages in the New York area hit the highest level since October 2010.
20 Feb 2019, 01:35 PM IST 
A man holds U.S. one-hundred dollar banknotes (Photographer: Sanjit Das/Bloomberg)
(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.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Scott Lanman
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