Wednesday, January 22, 2014

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[IWS] BLS: USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS FOURTH QUARTER 2013 [22 January 2014]

IWS Documented News Service

_______________________________

Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

 

USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS FOURTH QUARTER 2013 [22 January 2014]

http://www.bls.gov/news.release/wkyeng.nr0.htm

or

http://www.bls.gov/news.release/pdf/wkyeng.pdf

[full-text, 15 pages]

 

Median weekly earnings of the nation's 104.8 million full-time wage and salary workers were

$786 in the fourth quarter of 2013 (not seasonally adjusted), the U.S. Bureau of Labor

Statistics reported today. This was 1.4 percent higher than a year earlier, compared with

a gain of 1.2 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the

same period.

 

Data on usual weekly earnings are collected as part of the Current Population Survey, a

nationwide sample survey of households in which respondents are asked, among other things,

how much each wage and salary worker usually earns. (See the Technical Note.) Data shown in

this release are not seasonally adjusted unless otherwise specified. Highlights from the

fourth-quarter data are:

 

   • Seasonally adjusted median weekly earnings were $782 in the fourth quarter of 2013,

     little changed from the previous quarter ($778). (See table 1.)

 

   • On a not seasonally adjusted basis, median weekly earnings were $786 in the fourth

     quarter of 2013. Women who usually worked full time had median weekly earnings of

     $713, or 82.0 percent of the $869 median for men. (See table 2.)

 

   • The women's-to-men's earnings ratio varied by race and ethnicity. White women earned

     81.3 percent as much as their male counterparts, compared with black (96.1 percent),

     Asian (77.7 percent), and Hispanic women (89.4 percent). (See table 2.)

 

   • Among the major race and ethnicity groups, median weekly earnings for black men

     working at full-time jobs were $646 per week, or 72.1 percent of the median for

     white men ($896). The difference was less among women, as black women's median

     earnings ($621) were 85.3 percent of those for white women ($728). Overall, median

     earnings of Hispanics who worked full time ($576) were lower than those of blacks

     ($632), whites ($813), and Asians ($916). (See table 2.)

 

   • Usual weekly earnings of full-time workers varied by age. Among men, those age 55

     to 64 had the highest median weekly earnings ($1,048). Among women, usual weekly

     earnings were highest for those age 35 to 64; weekly earnings were $775 for women

     age 35 to 44, $767 for women age 45 to 54, and $789 for women age 55 to 64. Workers

     age 16 to 24 had the lowest median weekly earnings, at $474. (See table 3.)

 

   • Among the major occupational groups, persons employed full time in management,

     professional, and related occupations had the highest median weekly earnings--

     $1,367 for men and $992 for women. Men and women employed in service jobs earned

     the least, $546 and $452, respectively. (See table 4.)

 

   • By educational attainment, full-time workers age 25 and over without a high school

     diploma had median weekly earnings of $468, compared with $648 for high school

     graduates (no college) and $1,219 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 $3,469 or more per week,

     compared with $2,417 or more for their female counterparts. (See table 5.)

 

Annual Averages for 2012 and 2013

 

In addition to the data for the fourth quarter, this release includes 2012 and 2013 annual

averages of median weekly earnings for major demographic and occupational groups, and 2013

annual average data for educational attainment groups. (See tables 7, 8, and 9.) Annual

average data on median usual weekly earnings for men and women by detailed occupational

categories will be posted online at www.bls.gov/cps/tables.htm when they become available.

 

AND MORE...including TABLES....

 

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 




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