PeopleTicker Announces first Quarter Growth, Wage and Salary Index Up

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Following ADP's National Employment Report, the US is experiencing higher than expected job growth in the private sector for both January and February.

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The outlook for 2017 is encouraging, with the contingent labor market experiencing continued growth and increased wages. -John Sculley, Chairman of PeopleTicker

PeopleTicker™, the global standard for real-time salary and labor rates announced today that wages and salaries are on the rise, which is great news for the American workforce. This comes following the release of ADP's National Employment Report for February 2017 stating that the United States experienced higher than expected job growth in the private sector for both January and February.

After studying this new job growth announcement, PeopleTicker confirmed a national average wage increase of .65% for IT sector jobs, .41% for skilled labor jobs, and .15% for non-skilled jobs, higher than expected.

"The outlook for 2017 is encouraging, with the contingent labor market experiencing continued growth and increased wages," said John Sculley, Chairman of PeopleTicker.

The technology sector is experiencing the highest increase in both salary and hourly wages. Manufacturing is also gaining traction and wages are expected to climb significantly over the next few months.

Joseph Musacchio, CEO of PeopleTicker, said, "As the United States' new administration encourages job growth and continues to aggressively help the American workforce, not only will jobs surge but we'll see a boost to the entrepreneurial market. Companies will flourish as this administration reduces regulations, scales back on employer obligations for healthcare and lowers taxes, while encouraging new business investment."

About PeopleTicker (http://www.peopleticker.com):
To learn how your salaries and labor rates compare to market, download our app PeopleTicker - Salary and Hourly Rates and create your own Private Labor Index. With PeopleTicker’s Private Labor Index you have the ability to drill down into each element of your labor spend including both direct and contingent workers to discover new insights. This breakthrough technology keeps you ahead of the compensation game without the need for expensive consultants or relying on outdated survey data. Strengthened by over 18 years of wage research in nearly 160 countries, our data management, analytics, and Skills Village validation processes are unmatched in the industry. PeopleTicker’s SkillsVillage is a global ecosystem of experts in procurement, human resources, and recruiting that provide crowd-sourced rate validation.

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Chrissy Dooley
PeopleTicker
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