(BLOOMBERG) – U.S. wage growth rebounded in March following a sluggish start to the year with lower wage workers seeing the highest gains, according to the Glassdoor March Local Pay Report released Tuesday.
Median base pay for full-time workers rose 1.4 percent in March from the same period last year compared with a 1.3 percent rise in February, the report showed. The median base pay for full-time workers in the U.S. increased to $52,748 per year in March 2019.
"What we've been seeing in the Glassdoor data is that labor market got off to a rough start at the beginning of the year with the government shutdown, trade uncertainty, the cause and effect of the tax cuts wearing off," said Glassdoor economist Daniel Zhao.
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The headwinds should subside and we expect wage growth to accelerate further as the labor market continues tightening, he said.