U.S. Year-End Bonuses Fall 21% On Average in 2022 amid Slowing Labor Market
• In December, average year-end bonuses paid by U.S. firms fell 21% compared to the prior year, to about $2,145 • Bonuses declined across all industries in 2022, with transportation seeing the sharpest drop at 36% • Fewer workers received bonuses in 2022 - 2.7% fewer on average compared to 2021 • The declines may indicate easing labor market pressures and worker shortages for employers • The data comes amid signs of a gradually slowing, but still strong, U.S. labor market