Kingsport-Bristol, Johnson City avg. private sector wages down in Oct.


By DON FENLEY

Tri-Cities private sector workers saw their inflation-adjusted buying power decline in October. The average for both MSAs came in  below last year’s total, but Kingsport-Bristol workers have not taken as much of a hit as the one recorded in Johnson City.

The average private sector weekly wage in the Johnson City MSA was down for the 18th straight month when compared to the same month of the previous year.

Bureau of Labor Statistics reports  show the average wage dropped to $586 in October, down $28 from October last year. When adjusted for inflation from a pre-recession level, private sectors workers in the three-county MSA had $82 a week less buying power. When adjusted for inflation from the October 2012 average, the buying power decline was $39 a week.

Kingsport-Bristol private sectors workers  saw their average wage decline in October when compared to the same month last year. The BLS report shows the average was $614 a week, $23 a week less than it was in October 2012. When adjusted for inflation from the pre-recession average, workers in the four-county MSA had $11 a week more buying power. Adjusted for inflation from the October 2012 average saw the purchasing power decline by $34 a week.

Johnson City has the second lowest average wage in Tennessee in October.

Kingsport-Bristol was the third lowest in the state.

The US average last month was $828. In Tennessee it was $717.

Nashville-Davidson had the highest average wage last month – $781.

Clarksville had the lowest average private sector wage – $509.

 

 

 

 

 

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