Report: Mass. Pay Raises Lag Behind National Average
BOSTON (CBS) – Despite outperforming much of the country in economic growth, Massachusetts employers seem slow to reward employees with salary increases, according to a new report.
The average raise in Mass. is expected to be 2.8 percent, compared to 3 percent nationwide.
Growing health insurance costs were cited as a primary concern.
Massachusetts’ unemployment rate was at 7 percent last month, compared to 8.5 percent nationally.