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Article: Federal Home Loan Bank of New York study shows New Jersey wages closing the gap with New York.
- Article from:
- PR Newswire
- Article date:
- August 1, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FEDERAL HOME LOAN BANK OF NEW YORK STUDY SHOWS
NEW JERSEY WAGES CLOSING THE GAP WITH NEW YORK
NEW YORK, Aug. 1 /PRNewswire/ -- The Federal Home Loan Bank of New York released a study today showing that average wages in New Jersey are continuing to gain rapidly over wages in New York.
According to their latest analysis, the average U.S. wage rose 4.1 percent per year since the beginning of the current economic expansion in 1983. During the same 1983-1987 period, the average wage in New York rose 5.5 percent per year while New Jersey wages averaged 5.7 percent per year. However, during the past two years New Jersey wages gained on ...