The SERB Wage Increase Breakdown
The economic news we are hearing every day has been much better than what we were hearing during 2009. The economy is still growing in the USA, but not real fast. Finally, the predictions of a healthy economy are almost here! Healthy economies tend to provide healthy wage increases.
There are many who have been living in fear that the economy is heading into another recession due to the economy slowing down. Some point to the housing market as a disappointment. Others complain that the new jobs are mostly service industry and don’t pay enough. Still others say that there are still too many under employed, those working part-time that want full-time.
All are true to one degree or another. Most of the jobs have been in the service sector, but not all of them. In fact Ohio has been improving in manufacturing and business jobs for quite a while. Further, the people that may have given up on job hunting for a while are starting to come back into the job market with some success.
However, the economy in Ohio is doing better than most of the US and the rest of the world. At this time the unemployment rate is down to 5.5%, which is about a half point lower than the US as a whole. The State has a budget surplus of a couple of billion dollars. They have pretty much taken everything from the local governments that they could, so there is only an upside left. The demand for specialized workers is still high enough that people are moving to the State to find jobs and are indeed finding them.
The various branches of the government are generally improving economically. While there are few jurisdictions that are still hurting, most are hiring. Some are still not replacing those who retire at the local level, but the State is hiring more then enough to offset that.
The State Employment Relations Board (SERB) has released the wage settlement report for 2013. The economic mess really hit around the last quarter of the 2009. The negative impact from recession hit the public sector twelve to eighteen months after. The impact to wage increases was plain to see. That was by far the worst average wage increase ever recorded by the SERB.
The State wide average increase in wages for 2011 was 0.57%. In 2006 it was 3.01%. - The average wage increase has decreased every year since then. The range over the ten years of the survey was 0.57% in 2011 up to 3.59% in 2002. Since 2011 the wage increases have been going up. In 2012 they were one (1%) percent and 2013 they were almost one and a half (1.47%) percent. From what I’m seeing at the table, the trend of increasing wages is continuing.
The Cincinnati region had the largest decrease in wage rate increase in 2011, from the following year of 0.71%, down to 0.49%. The lowest regional increase award goes to Cincinnati again for 2013 at one point twelve (1.12%) percent. They are the only one of the regions that saw their rate of wage go down from the last wage survey. Bad time to be in the south west section of Ohio!
Southeast Ohio had the largest wage rate in 2013 at one point nine (1.90%).. That was the highest increase in wage rates as well. However the largest increase from 2012 was in the Akron/Canton area. They increased by almost three quarters of a percent (0.74%).
Counties were the jurisdiction that had the highest increase in rate of wage increase over 2013. They had the highest percent for the second year in a row. School Districts came in the largest increase from 2012 with a point six three (0,63%) percent increase over last year.
Police and Fire tied for the largest increase in unit type with one point six one (1.61%) percent. Fire did better than any other unit six out of the last ten years. The teachers found themselves on the bottom of the pack again. They increased their percent wage increase by an average of one and a quarter (1.23%).
Last Updated (Monday, 29 September 2014 18:20)