Arnold Williams (notebuyer) wrote,
Arnold Williams

Good News at Economic Street Level

Good News from the Bureau of Labor Statistics!(PDF)

Median weekly earnings of the nation’s 108.2 million full-time wage and
salary workers were $675 in the third quarter of 2006, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. This was 4.0
percent higher than a year earlier
, compared with a gain of 3.3 percent in
the Consumer Price Index for All Urban Consumers (CPI-U) over the same

Data on usual 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. Highlights from the third-quarter data are:

--Women who usually worked full time had median earnings of $599 per
week, or 80.0 percent of the $749 median for men. The female-to-
male earnings ratios were higher among Hispanics or Latinos (87.3
percent), Asians (84.9 percent), and blacks (83.8 percent) than among
whites (79.6 percent). (See table 1.)

--Median earnings for black men working at full-time jobs were $610 per
week, 79.8 percent of the median for white men ($764). The difference
was less among women, as black women’s median earnings ($511) were 84.0
percent of those for their white counterparts ($608). Overall, median
earnings of Hispanics or Latinos who worked full time ($485) were lower
than those of blacks ($555), whites ($692), and Asians ($798). (See
table 1.)

--For both men and women, median weekly earnings were highest for those
age 45 to 54 ($894 and $662, respectively) and age 55 to 64 ($886 and
$661, respectively).

--Among the major occupational groups, persons employed full time in man-
agerial, professional, and related occupations had the highest median
weekly earnings--$1,147 for men and $856 for women. Men and women in
service jobs earned the least.

--Full-time workers age 25 and over without a high school diploma had
median weekly earnings of $420 compared with $602 for high school
graduates (no college) and $1,047 for college graduates 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 $2,882 or more per week
compared with $2,089 or more for their female counterparts.

The bad news? If you're a federal civil servant, pay parity just bit you in the ass. Getting paid as much as those risking their lives suddenly isn't as much as you want.

Of course, you could always start risking your life.
Tags: statistics

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