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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

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USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS FOURTH QUARTER 2014 [21 January 2015]

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 107.4 million full-time wage and salary workers

were $799 in the fourth quarter of 2014 (not seasonally adjusted), the U.S. Bureau of

Labor Statistics reported today. This was 1.7 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 news release are not seasonally adjusted unless otherwise specified.

Highlights from the fourth-quarter data are:

 

   --Median weekly earnings were $799 in the fourth quarter of 2014. Women who usually

     worked full time had median weekly earnings of $724, or 82.1 percent of the $882

     median for men. (See table 2.)

 

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

     earned 81.4 percent as much as their male counterparts, compared with black

     (90.3 percent), Asian (77.4 percent), and Hispanic women (86.2 percent). (See

     table 2.)

 

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

     working at full-time jobs were $667 per week, or 73.5 percent of the median for

     white men ($907). The difference was less among women, as black women's median

     earnings ($602) were 81.6 percent of those for white women ($738). Overall,

     median earnings of Hispanics who worked full time ($600) were lower than those

     of blacks ($621), whites ($823), and Asians ($959). (See table 2.)

 

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

     45 to 54 and age 55 to 64 had the highest median weekly earnings ($1,012 and

     $1,029, respectively). Weekly earnings were highest for women age 35 to 64:

     weekly earnings were $784 for women age 35 to 44, $774 for women age 45 to 54,

     and $790 for women age 55 to 64. Workers age 16 to 24 had the lowest median

     weekly earnings, at $493. (See table 3.)

 

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

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

     $1,366 for men and $999 for women. Men and women employed in service jobs

     earned the least, $588 and $470, respectively. (See table 4.)

 

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

     school diploma had median weekly earnings of $491, compared with $664 for

     high school graduates (no college) and $1,224 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 $3,508 or more per week, compared with $2,394 or more for their female

     counterparts. (See table 5.)

 

   --Seasonally adjusted median weekly earnings were $796 in the fourth quarter of

     2014, essentially unchanged from the previous quarter ($797). (See table 1.)

 

Annual Averages for 2013 and 2014

 

In addition to the data for the fourth quarter, this news release includes 2013

and 2014 annual averages of median weekly earnings for major demographic and

occupational groups, and 2014 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....

 

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