Still, 67 percent of wage earners made less than or equal to the average. Median compensation came in at $28,851.21 for the year, up from $28,031.02 in 2013.
Despite the increase in average compensation last year, pay has struggled to pick up momentum recently. Wages were flat in September, according to the Labor Department.
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The mark is one metric indicating little inflationary pressure in the U.S. economy. The U.S. Federal Reserve has looked for inflation to pick up as it decides whether to start normalizing from near-zero interest rate policy.