Thursday, April 17, 2014

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[IWS] BLS: USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS -- FIRST QUARTER 2014 [17 April 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 -- FIRST QUARTER 2014 [17 April 2014]

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

or

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

[full-text, 10 pages]

 

Median weekly earnings of the nation's 104.3 million full-time wage and salary

workers were $796 in the first quarter of 2014 (not seasonally adjusted), the

U.S. Bureau of Labor Statistics reported today. This was 3.0 percent higher

than a year earlier, compared with a gain of 1.4 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 first-quarter data

are:

 

  • Median weekly earnings were $796 in the first quarter of 2014. Women

    who usually worked full time had median weekly earnings of $722, or

    82.8 percent of the $872 median for men. (See table 2.)

 

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

    women earned 82.4 percent as much as their male counterparts, compared

    with black women (85.6 percent), Asian women (83.8 percent), and Hispanic

    women (92.6 percent). (See table 2.)

 

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

    black men working at full-time jobs were $708 per week, or 78.8 percent of

    the median for white men ($898). The difference was less among women, as

    black women's median earnings ($606) were 81.9 percent of those for white

    women ($740). Overall, median earnings of Hispanics who worked full time

    ($593) were lower than those of blacks ($646), whites ($819), and Asians

    ($955). (See table 2.)

 

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

    age 45 to 54 and 55 to 64 had the highest median weekly earnings, $1,021

    and $992, respectively. Usual weekly earnings were highest for women age 35

    to 64: weekly earnings were $787 for women age 35 to 44 and for women age

    45 to 54, and $776 for women age 55 to 64. Workers age 16 to 24 had the

    lowest median weekly earnings, at $465. (See table 3.)

 

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

    management, professional, and related occupations had the highest median

    weekly earnings--$1,347 for men and $975 for women. Men and women employed

    in service jobs earned the least, $581 and $459, respectively. (See table 4.)

 

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

    school diploma had median weekly earnings of $480, compared with $660 for

    high school graduates (no college) and $1,199 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 $3,834 or more per week, compared with $2,390 or more

    for their female counterparts. (See table 5.)

 

  • Seasonally adjusted median weekly earnings were $791 in the first quarter

    of 2014, little changed from the previous quarter ($782). (See table 1.)

 

 

 

   _______________________________________________________________________________

  |                                                                               |

  |        Revision of Seasonally Adjusted Usual Weekly Earnings Data             |

  |                                                                               |

  |  Seasonally adjusted data for median usual weekly earnings in constant        |

  |  (1982-84) dollars have been updated using revised seasonally adjusted data   |

  |  for the Consumer Price Index for All Urban Consumers (CPI-U). (Data are      |

  |  shown in table 1 of the release.) Seasonally adjusted constant (1982-84)     |

  |  dollar estimates back to the first quarter of 2009 were subject to revision. |

  |_______________________________________________________________________________|

 

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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