Southern California wages up 4.5% — biggest raises in U.S., by this measure
There’s more proof that a surging demand for workers has local bosses paying up for talent. Southern California bosses increased pay at a 4.5% annual rate in the first quarter, the top wage hike among 15 major regions tracked by federal government researchers. The Employment Cost Index for Los Angeles, Orange, Riverside, San Bernardino and Ventura counties showed salary and wages in the private sector were up 3.1% a year earlier, No. 5 among the 15 big job markets.