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Hourly pay for tech workers continued rose in the third quarter compared with the same period last year, according to the Yoh index of technology wages. The index reached a high of 113.60 in the third quarter, up 5.79% from the third quarter of 2006.
The third-quarter increase follows a 4.64% year-over-year increase in the second quarter and a 6.08% year-over-year increase in the first.
"These are the good old days for IT, engineering, clinical research, and scientific markets, and pay growth this quarter is certainly a testament to that," said Jim Lanzalotto, VP of strategy and marketing for Yoh. "Wage growth is strong, demand is increasing due to rapid advancements in technologies, and all leading indicators point to increased hiring in coming months."