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Bureau of Labor Statistics releases latest earnings figures

Post by C.R. Roberts / The News Tribune on Oct. 29, 2010 at 2:36 pm with No Comments »
October 29, 2010 2:36 pm

The Bureau of Labor Statistics is out this week with its quarterly look at wages in the United States.

The median weekly earnings for the nation’s 101.4 million full-time wage and salary workers were $740 in the third quarter. That’s 0.3 percent higher than the same quarter in 2009. (And while wages are up, so are overall consumer prices – by 1.2 percent for the year.)

Among the findings:

• Women who worked full-time during the quarter had median weekly earnings of $662, or 81.4 percent of the $813 median earnings of men.

• Asians earned the highest median weekly wage when compared by race and ethnicity, at $854; followed by white workers, at $759; black workers, $611; and Hispanic workers, $552.

• Men ages 45 to 54 and those 55 to 64 had the highest median earnings, $941 and $983 respectively, Weekly earnings for women ages 55 to 64 were $739, essentially the same as for women ages 35 to 54, at $729.

• Among occupational groups, management and professional workers saw the highest median weekly earnings, at $1,255 for men and $921 for women. Men and women employed in service industries earned the least, at $511 and $425 respectively.

• Workers over age 25 without a high school diploma earned median weekly wages of $449; high school graduates earned $622; and those with a least a bachelor’s degree earned $1,158 . The highest 10 percent of male workers with advanced degrees earned $3,146 weekly; the highest 10 percent of women earned $2,207.

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