Wage gains in the second quarter of 2002
January 08, 2003
The average weekly wages of all workers covered by State and federal unemployment insurance (UI) programs were $687 in the second quarter of 2002, an increase of 1.7 percent from the same quarter in 2001. The over-the-year percent changes in average weekly wages for the last four quarters reported were below the levels for previous years.
Among private sector industries, real estate and rental leasing had the fastest growing weekly wages in the second quarter of 2002, with a 5.4 percent over-the-year gain. This was followed by health care and social assistance (3.9 percent), administrative and waste services (3.8 percent), agriculture, forestry, fishing and hunting (3.5 percent), educational services (3.2 percent), and manufacturing (3.0 percent).
The gains in real estate, agriculture, and educational services had limited impact on the total due to their very small shares of total wages in the second quarter. However, the manufacturing, health care, and administrative sectors made more substantial contributions because of their respective wage shares of 14, 10, and 4 percent.
These data are products of the Quarterly Census of Employment and Wages program. The Quarterly Census of Employment and Wages program now uses the North American Industry Classification System (NAICS) as the basis for the tabulation of economic data by industry, therefore industry data for 2001 are not comparable to the Standard Industrial Classification (SIC)-based data for earlier years. For more information, see Wages and Employment: Second Quarter 2002, news release USDL 03-04.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Wage gains in the second quarter of 2002 on the Internet at https://www.bls.gov/opub/ted/2003/jan/wk1/art03.htm (visited August 11, 2020).
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