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    Data: Kentucky ranks just shy of top 10 for highest wage growth in US

    By Corey Elam,

    1 day ago

    https://img.particlenews.com/image.php?url=2tI9aQ_0uEwTBoT00

    LEXINGTON, Ky. ( FOX 56 ) — Kentucky workers make more than the national average the longer they stay at their jobs.

    A new collection of data from Automated Data Processing Inc. (ADP) shows that Kentucky wages went up by 5.5% compared to 2023, with a median annual salary of $55,800.

    LATEST KENTUCKY NEWS

    Kentucky’s wage growth over the past year was higher than any of its border states, according to the ADP data for June.

    The average state saw a 4.9% increase in wages for workers who stayed at their job for at least 12 months, per ADP. Montana saw the highest year-over-year wage growth in June at a 7.7% increase, and the three states tied for the third-place rank, increasing by 6%.

    Hospitality leads the way

    According to ADP, the leading industry in wage growth for the US over the past year was leisure and hospitality.

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    Manchester Hotel in Lexington , the forthcoming Gatton Park on the Town Branch , and an expanded Bourbon Trail experience all contributed to Kentucky’s success in the tourism and hospitality industries, as reflected in ADP’s report.

    A full breakdown of ADP’s National Employment Report can be found here .

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to FOX 56 News.

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