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Technical information:(202) 691-6378 USDL 08-1460 http://www.bls.gov/cps/ For release: 10:00 A.M. (EDT) Media contact: (202) 691-5902 Friday, October 17, 2008 USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS: THIRD QUARTER 2008 Median weekly earnings of the nation's 107.2 million full-time wage and salary workers were $720 in the third quarter of 2008, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This was 3.6 percent higher than a year earlier, compared with a gain of 5.3 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period. Data on usual earnings are collected as part of the Current Popula- tion Survey, a nationwide sample survey of households in which respon- dents are asked, among other things, how much each wage and salary worker usually earns. (See the Technical Note.) Highlights from the third-quarter data are: --Women who usually worked full time had median earnings of $631 per week, or 79.3 percent of the $796 median for men. The female-to- male earnings ratios were higher among Hispanics (88.0 percent) and blacks (82.0 percent) than among whites (79.5 percent) or Asians (75.3 percent). (See table 1.) --Median earnings for black men working at full-time jobs were $646 per week, 79.2 percent of the median for white men ($816). The dif- ference was less among women, as black women's median earnings ($530) were 81.7 percent of those for their white counterparts ($649). Over- all, median earnings of Hispanics who worked full time ($529) were lower than those of blacks ($589), whites ($739), and Asians ($854). (See table 1.) --Among men, those age 45 to 54 had the highest median weekly earnings ($964). Women age 45 to 54 had median earnings of $716, essentially the same as those age 55 to 64 ($715). (See table 2.) --Among the major occupational groups, persons employed full time in managerial, professional, and related occupations had the highest me- dian weekly earnings--$1,234 for men and $916 for women. Persons em- ployed in service jobs earned the least. (See table 3.) --Full-time workers age 25 and over without a high school diploma had median weekly earnings of $471, compared with $618 for high school graduates (no college) and $1,131 for those holding at least a bache- lor's degree. Among college graduates with advanced degrees (profes- sional or master's degree and above), the highest earning 10 percent of male workers made $3,192 or more per week, compared with $2,287 or more for their female counterparts. (See table 4.)
- 2 - Technical Note The estimates in this release were obtained from the Current Population Survey (CPS), which provides the basic information on the labor force, employment, and unemployment. The survey is conducted monthly for the Bureau of Labor Statistics by the U.S. Census Bureau from a scientifically selected national sample of about 60,000 households, with coverage in all 50 states and the District of Columbia. The earnings data are collected from one-quarter of the CPS monthly sample and are limited to wages and salaries. The data, therefore, exclude self-employment income. Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; TDD message referral phone number: 1-800-877-8339. Reliability Statistics based on the CPS are subject to both sampling and nonsampling error. When a sample, rather than the entire population, is surveyed, there is a chance that the sample estimates may differ from the "true" population values they represent. The exact difference, or sampling error, varies de- pending on the particular sample selected, and this variability is measured by the standard error of the estimate. There is about a 90-percent chance, or level of confidence, that an estimate based on a sample will differ by no more than 1.6 standard errors from the "true" population value because of sampling error. BLS analyses are generally conducted at the 90-percent level of confidence. The CPS data also are affected by nonsampling error. Nonsampling error can occur for many reasons, including the failure to sample a segment of the population, inability to obtain information for all respondents in the sample, inability or unwillingness of respondents to provide correct information, and errors made in the collection or processing of the data. For a full discussion of the reliability of data from the CPS and informa- tion on estimating standard errors, see the Household Data section of the "Explanatory Notes and Estimates of Error" at http://www.bls.gov/cps/eetech_ methods.pdf. Definitions The principal definitions used in connection with the earnings series are described briefly below. Usual weekly earnings. Data represent earnings before taxes and other deductions and include any overtime pay, commissions, or tips usually received (at the main job in the case of multiple jobholders.) Prior to 1994, respondents were asked how much they usually earned per week. Since January 1994, respondents have been asked to identify the easiest way for them to report earnings (hourly, weekly, biweekly, twice monthly, monthly, annually, other) and how much they usually earn in the reported time period. Earnings reported on a basis other than weekly are converted to a weekly equivalent. The term "usual" is as perceived by the respondent. If the respondent asks for a definition of usual, interviewers are instructed to define the term as more than half the weeks worked during the past 4 or 5 months. - 3 - Medians (and other quantiles) of weekly earnings. The median (or upper limit of the second quartile) is the amount which divides a given earnings distribution into two equal groups, one having earnings above the median and the other having earnings below the median. Ten percent of a given distribution have earnings below the upper limit of the first decile (90 percent have higher earnings); 25 percent have earnings below the upper limit of the first quartile (75 percent have higher earnings); 75 percent have earnings below the upper limit of the third quartile (25 percent have higher earnings); and 90 percent have earnings below the upper limit of the ninth decile (10 percent have higher earnings). The estimating procedure places each reported or calculated weekly earnings value into $50-wide intervals which are centered around multiples of $50. The actual value is estimated through the linear interpolation of the interval in which the quantile boundary lies. Over-the-year changes in the medians (and other quantile boundaries) for specific groups may not necessarily be consistent with the movements estimated for the overall quantile boundary. The most common reasons for this possible anomaly are: (1) There could be a change in the relative weights of the subgroups. For example, the medians of both 16-to-24 year olds and those 25 years and over may rise; but if the lower-earning 16-to- 24 group accounts for a greatly increased share of the total, the overall median could actually fall. (2) There could be a large change in the shape of the distribution of reported earnings, particularly near a quantile boundary. This could be caused by survey observations that are clustered at rounded values, such as $250, $300, $400. An estimate lying in a $50-wide centered interval containing such a cluster or "spike" tends to change more slowly than one in other intervals. Wage and salary workers. Workers who receive wages, salaries, commissions, tips, payment in kind, or piece rates. The group includes employees in both the private and public sectors but, for the purposes of the earnings series, excludes all self-employed persons, regardless of whether or not their busi- nesses are incorporated. Full-time workers. Workers who usually work 35 hours or more per week at their sole or principal job. Part-time workers. Workers who usually work fewer than 35 hours per week at their sole or principal job. Constant dollars. The Consumer Price Index for All Urban Consumers (CPI-U) is used to convert current dollars to constant (1982) dollars. Hispanic or Latino ethnicity. Refers to persons who identified themselves in the enumeration process as being Spanish, Hispanic, or Latino. Persons whose ethnicity is identified as Hispanic or Latino may be of any race.
Table 1. Median usual weekly earnings of full-time wage and salary workers by selected characteristics, quarterly averages, not seasonally adjusted Number of workers Median weekly earnings (in thousands) Characteristic In current dollars In constant (1982) dollars III III 2007 2008 III III III III 2007 2008 2007 2008 SEX AND AGE Total, 16 years and over....................................... 108,272 107,194 $695 $720 $322 $317 Men, 16 years and over....................................... 61,150 60,170 767 796 356 350 16 to 24 years............................................. 7,042 6,439 430 446 199 196 25 years and over.......................................... 54,108 53,731 831 857 385 377 Women, 16 years and over..................................... 47,122 47,025 616 631 285 278 16 to 24 years............................................. 5,160 4,886 398 406 184 179 25 years and over.......................................... 41,963 42,139 654 666 303 293 RACE, HISPANIC OR LATINO ETHNICITY, AND SEX White........................................................ 87,258 86,600 713 739 331 325 Men........................................................ 50,520 49,727 784 816 363 359 Women...................................................... 36,738 36,873 630 649 292 286 Black or African American.................................... 13,229 12,878 578 589 268 259 Men........................................................ 6,320 6,085 618 646 286 284 Women...................................................... 6,909 6,793 534 530 247 233 Asian........................................................ 5,250 5,266 842 854 390 376 Men........................................................ 2,939 3,004 947 960 439 422 Women...................................................... 2,311 2,261 738 723 342 318 Hispanic or Latino ethnicity................................. 16,525 16,095 502 529 233 233 Men........................................................ 10,533 10,197 518 566 240 249 Women...................................................... 5,993 5,898 469 498 217 219 NOTE: Estimates for the above race groups (white, black or African American, and Asian) do not sum to totals because data are not presented for all races. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Updated population controls are introduced annually with the release of January data.
Table 2. Median usual weekly earnings of full-time wage and salary workers by age, race, Hispanic or Latino ethnicity, and sex, third quarter 2008 averages, not seasonally adjusted Total Men Women Age, race, and Hispanic or Latino ethnicity Number of Number of Number of workers Median workers Median workers Median (in weekly (in weekly (in weekly thousand- earnings thousand- earnings thousand- earnings s) s) s) TOTAL 16 years and over........................................... 107,194 $720 60,170 $796 47,025 $631 16 to 24 years............................................ 11,325 425 6,439 446 4,886 406 16 to 19 years.......................................... 1,883 332 1,087 347 797 315 20 to 24 years.......................................... 9,442 458 5,353 475 4,089 428 25 years and over......................................... 95,869 763 53,731 857 42,139 666 25 to 54 years.......................................... 78,664 757 44,276 845 34,388 661 25 to 34 years........................................ 25,690 656 14,763 699 10,926 614 35 to 44 years........................................ 26,297 802 15,103 901 11,194 669 45 to 54 years........................................ 26,678 842 14,410 964 12,267 716 55 years and over....................................... 17,205 798 9,455 916 7,751 692 55 to 64 years........................................ 14,661 826 7,964 937 6,696 715 65 years and over..................................... 2,545 654 1,490 751 1,054 566 White 16 years and over........................................... 86,600 739 49,727 816 36,873 649 16 to 24 years............................................ 9,172 430 5,329 448 3,843 408 25 years and over......................................... 77,428 786 44,398 879 33,030 687 25 to 54 years.......................................... 62,875 776 36,250 866 26,624 678 55 years and over....................................... 14,553 831 8,148 939 6,405 720 Black or African American 16 years and over........................................... 12,878 589 6,085 646 6,793 530 16 to 24 years............................................ 1,415 396 709 410 705 376 25 years and over......................................... 11,463 615 5,376 683 6,087 564 25 to 54 years.......................................... 9,798 619 4,629 687 5,169 575 55 years and over....................................... 1,665 590 747 655 918 524 Asian 16 years and over........................................... 5,266 854 3,004 960 2,261 723 16 to 24 years............................................ 378 587 206 595 173 575 25 years and over......................................... 4,887 894 2,799 989 2,089 744 25 to 54 years.......................................... 4,155 917 2,380 1,008 1,775 768 55 years and over....................................... 732 749 419 865 313 661 Hispanic or Latino ethnicity 16 years and over........................................... 16,095 529 10,197 566 5,898 498 16 to 24 years............................................ 2,074 398 1,271 406 803 376 25 years and over......................................... 14,022 569 8,926 595 5,095 515 25 to 54 years.......................................... 12,504 568 7,966 596 4,538 513 55 years and over....................................... 1,518 577 960 592 557 525 NOTE: Estimates for the above race groups (white, black or African American, and Asian) do not sum to totals because data are not presented for all races. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Updated population controls are introduced annually with the release of January data.
Table 3. Median usual weekly earnings of full-time wage and salary workers by occupation and sex, quarterly averages, not seasonally adjusted Number of workers Median weekly earnings (in thousands) Occupation and sex III III III III 2007 2008 2007 2008 TOTAL Management, professional, and related occupations................... 38,843 40,192 $1,011 $1,041 Management, business, and financial operations occupations........ 15,848 16,448 1,114 1,135 Professional and related occupations.............................. 22,995 23,744 958 1,000 Service occupations................................................. 15,296 15,475 445 470 Sales and office occupations........................................ 25,844 24,795 602 610 Sales and related occupations..................................... 10,473 9,728 640 657 Office and administrative support occupations..................... 15,371 15,067 587 597 Natural resources, construction, and maintenance occupations........ 12,678 11,683 659 701 Farming, fishing, and forestry occupations........................ 825 822 372 476 Construction and extraction occupations........................... 7,304 6,536 631 689 Installation, maintenance, and repair occupations................. 4,549 4,325 745 779 Production, transportation, and material moving occupations......... 15,611 15,049 584 590 Production occupations............................................ 8,399 7,991 585 592 Transportation and material moving occupations.................... 7,212 7,058 584 589 Men Management, professional, and related occupations................... 19,325 19,938 1,205 1,234 Management, business, and financial operations occupations........ 8,448 8,797 1,328 1,335 Professional and related occupations.............................. 10,877 11,141 1,151 1,167 Service occupations................................................. 7,612 7,637 503 545 Sales and office occupations........................................ 9,769 9,396 710 728 Sales and related occupations..................................... 5,767 5,432 784 787 Office and administrative support occupations..................... 4,002 3,965 624 657 Natural resources, construction, and maintenance occupations........ 12,187 11,265 663 704 Farming, fishing, and forestry occupations........................ 663 688 379 480 Construction and extraction occupations........................... 7,126 6,387 633 688 Installation, maintenance, and repair occupations................. 4,398 4,190 744 781 Production, transportation, and material moving occupations......... 12,257 11,933 622 637 Production occupations............................................ 6,013 5,797 643 650 Transportation and material moving occupations.................... 6,245 6,136 608 620 Women Management, professional, and related occupations................... 19,518 20,254 868 916 Management, business, and financial operations occupations........ 7,400 7,650 923 958 Professional and related occupations.............................. 12,118 12,604 835 886 Service occupations................................................. 7,684 7,838 408 416 Sales and office occupations........................................ 16,075 15,399 562 576 Sales and related occupations..................................... 4,706 4,297 507 524 Office and administrative support occupations..................... 11,370 11,103 577 585 Natural resources, construction, and maintenance occupations........ 490 417 526 599 Farming, fishing, and forestry occupations........................ 162 134 353 423 Construction and extraction occupations........................... 178 149 560 755 Installation, maintenance, and repair occupations................. 150 134 773 685 Production, transportation, and material moving occupations......... 3,354 3,116 437 456 Production occupations............................................ 2,387 2,194 443 468 Transportation and material moving occupations.................... 967 923 426 423 NOTE: Updated population controls are introduced annually with the release of January data.
Table 4. Quartiles and selected deciles of usual weekly earnings of full-time wage and salary workers by selected characteristics, third quarter 2008 averages, not seasonally adjusted Number of Upper limit of: workers Characteristic (in thousand- First First Second Third Ninth s) decile quartile quartile quartile decile (median) SEX, RACE, AND HISPANIC OR LATINO ETHNICITY Total, 16 years and over....................................... 107,194 $345 $484 $720 $1,131 $1,708 Men.......................................................... 60,170 376 519 796 1,246 1,886 Women........................................................ 47,025 319 435 631 966 1,435 White........................................................ 86,600 352 493 739 1,154 1,745 Men........................................................ 49,727 380 529 816 1,272 1,897 Women...................................................... 36,873 325 450 649 985 1,460 Black or African American.................................... 12,878 311 411 589 882 1,307 Men........................................................ 6,085 337 470 646 952 1,374 Women...................................................... 6,793 294 386 530 789 1,243 Asian........................................................ 5,266 368 525 854 1,362 1,916 Men........................................................ 3,004 401 606 960 1,561 2,261 Women...................................................... 2,261 330 470 723 1,121 1,645 Hispanic or Latino ethnicity................................. 16,095 301 387 529 803 1,199 Men........................................................ 10,197 316 403 566 852 1,255 Women...................................................... 5,898 286 354 498 723 1,103 EDUCATIONAL ATTAINMENT Total, 25 years and over....................................... 95,869 374 513 763 1,180 1,766 Less than a high school diploma.............................. 7,841 284 347 471 631 877 High school graduates, no college (1)........................ 27,759 341 453 618 887 1,240 Some college or associate degree............................. 26,599 382 514 725 1,039 1,435 Bachelor's degree and higher (2)............................. 33,671 552 761 1,131 1,666 2,329 Bachelor's degree only..................................... 21,979 507 712 1,020 1,542 2,116 Advanced degree............................................ 11,692 642 896 1,333 1,895 2,881 Men, 25 years and over....................................... 53,731 403 578 857 1,328 1,911 Less than a high school diploma............................ 5,459 298 382 505 697 924 High school graduates, no college (1)...................... 16,239 385 508 710 993 1,366 Some college or associate degree........................... 13,805 431 593 835 1,182 1,596 Bachelor's degree and higher (2)........................... 18,227 603 866 1,291 1,889 2,719 Bachelor's degree only................................... 12,025 579 811 1,173 1,760 2,386 Advanced degree.......................................... 6,202 695 988 1,509 2,139 3,192 Women, 25 years and over..................................... 42,139 338 469 666 1,011 1,487 Less than a high school diploma............................ 2,381 256 305 381 492 647 High school graduates, no college (1)...................... 11,520 306 396 518 710 983 Some college or associate degree........................... 12,794 343 471 622 880 1,189 Bachelor's degree and higher (2)........................... 15,443 499 685 968 1,401 1,906 Bachelor's degree only................................... 9,954 461 631 888 1,265 1,764 Advanced degree.......................................... 5,490 608 824 1,166 1,605 2,287 1 Includes persons with a high school diploma or equivalent. 2 Includes persons with bachelor's, master's, professional, and doctoral degrees. NOTE: Ten percent of all full-time wage and salary workers earn less than the upper limit of the first decile; 25 percent earn less than the upper limit of the first quartile; 50 percent earn less than the upper limit of the second quartile, or median; 75 percent earn less than the upper limit of the third quartile; and 90 percent earn less than the upper limit of the ninth decile. Estimates for the above race groups (white, black or African American, and Asian) do not sum to totals because data are not presented for all races. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Updated population controls are introduced annually with the release of January data.
Table 5. Median usual weekly earnings of part-time wage and salary workers by selected characteristics, quarterly averages, not seasonally adjusted Number of workers Median weekly earnings (in thousands) Characteristic III III III III 2007 2008 2007 2008 SEX AND AGE Total, 16 years and over............................................ 21,707 22,345 $218 $223 Men, 16 years and over............................................ 6,855 7,262 213 212 16 to 24 years.................................................. 3,279 3,533 174 169 25 years and over............................................... 3,577 3,729 268 280 Women, 16 years and over.......................................... 14,851 15,083 221 229 16 to 24 years.................................................. 4,529 4,517 164 172 25 years and over............................................... 10,323 10,566 262 262 RACE, HISPANIC OR LATINO ETHNICITY, AND SEX White............................................................. 18,190 18,677 221 224 Men............................................................. 5,543 5,926 214 212 Women........................................................... 12,646 12,751 224 230 Black or African American......................................... 2,039 2,122 200 214 Men............................................................. 768 782 201 206 Women........................................................... 1,271 1,340 198 218 Asian............................................................. 902 879 233 245 Men............................................................. 347 301 251 244 Women........................................................... 555 578 222 246 Hispanic or Latino ethnicity...................................... 2,377 2,781 208 220 Men............................................................. 786 1,043 202 226 Women........................................................... 1,591 1,739 210 216 NOTE: Estimates for the above race groups (white, black or African American, and Asian) do not sum to totals because data are not presented for all races. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Updated population controls are introduced annually with the release of January data.