Pay increases in mining, oil and gas exploration skyrocketed during the first quarter of 2012, according to The PayScale Index.
The index measures wage growth from 2007 in various industries. The most recent report noted that mining, oil and gas exploration is the first industry to reach double-digit growth since 2006, jumping 13.8%.
All industry wages jumped by 3.7% in the first quarter.
As gas prices rise, companies are able to pay their employees more, PayScale Lead Economist Katie Bardaro said. “It’s a very strongly performing industry,” she said, adding that while consumers may cut back on their driving, they will always need gas.
Utilities’ wages have also experienced significant growth since 2006, increasing 11.3%.
But the latest report wasn’t all good news. The food service industry experienced negative growth, with wages dropping 0.2% for the industry as a whole.
As the economy worsened, people cut back on eating at restaurants or spending money on non-essential items, which meant the restaurant industry took a hit, Bardaro said.
Legal jobs also saw another quarter of declining pay.
Photo: PayScale Index
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