24 October 2014

• Usual Weekly Earnings of U.S. Wage and Salary Workers - Q3 2014


Median weekly earnings of the nation's 107.9 million full-time wage and salary workers were $790 in the third quarter of 2014 (not seasonally adjusted). This was 2.5 percent higher than a year earlier,compared with a gain of 1.8 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

Highlights from the third-quarter data are:

• Median weekly earnings were $790 in the third quarter of 2014. Women who usually worked full time had median weekly earnings of $715, or 82.2 percent of the $870 median for men.

• The women's-to-men's earnings ratio varied by race and ethnicity. White women earned 81.8 percent as much as their male counterparts, compared with black (89.5 percent), Asian (73.1 percent), and Hispanic women (89.6 percent).

• Among the major race and ethnicity groups, median weekly earnings for black men working at full-time jobs were $679 per week, or 75.8 percent of the median for white men ($896). The difference was less among women, as black women's median earnings ($608) were 82.9 percent of those for white women ($733). Overall, median earnings of Hispanics who worked full time ($598) were lower than those of blacks ($638), whites ($816), and Asians ($945).

• Usual weekly earnings of full-time workers varied by age. Among men, those age 55 to 64 had the highest median weekly earnings, at $1,053. Usual weekly earnings were highest for women age 35 to 64: weekly earnings were $784 for women age 35 to 44, $772 for women age 45 to 54, and $787 for women age 55 to 64. Workers age 16 to 24 had the lowest median weekly earnings, at $480.

• Among the major occupational groups, persons employed full time in management, professional, and related occupations had the highest median weekly earnings-- $1,326 for men and $980 for women. Men and women employed in service jobs had much lower earnings, $585 and $467, respectively.

• By educational attainment, full-time workers age 25 and over without a high school diploma had median weekly earnings of $488, compared with $681 for high school graduates (no college) and $1,170 for those holding at least a bachelor's degree. Among college graduates with advanced degrees (professional or master's degree and above), the highest earning 10 percent of male workers made $3,439 or more per week, compared with $2,293 or more for their female counterparts.

Seasonally adjusted median weekly earnings were $797 in the third quarter of 2014, up from the previous quarter ($782).

Please visit this link to read the full report: LinkToArticle

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.


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