12-month percent changes in private industry wages and salaries
August 07, 2014
Wages and salaries for all private industry workers increased 1.9 percent from June 2013 to June 2014, while wages and salaries for all private workers excluding incentive paid occupations increased 1.8 percent. BLS defines incentive pay as payment that relates earnings to actual individual or group production.
Wages and salaries for all management workers increased 1.9 percent from June 2013 to June 2014, while wages for all sales and related occupations increased 2.0 percent and production 2.2 percent. Wages and salary increases for the same workers excluding incentive pay were 1.7 percent, 1.7 percent, and 2.1 percent, respectively.
The increase in wages and salaries for all occupations in June 2014 (1.9 percent) was roughly half that of March 2007 (3.6 percent) and the same was true of management and sales. In contrast, the increase in wages and salaries for production workers in June 2014 (2.2 percent) was nearly that of the level experienced in March 2007 (2.5 percent).
Wages and salaries of all sales and related workers and all sales and related workers excluding incentive paid were affected to a greater degree by the recession than other occupations. Incentive workers made up about 20 percent of the sales workers category.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 12-month percent changes in private industry wages and salaries on the Internet at https://www.bls.gov/opub/ted/2014/ted_20140807.htm (visited January 16, 2021).
Recent editions of Spotlight on Statistics
- Occupational Employment and Wages in Metro and Nonmetro Areas
Examines similarities and differences in employment and wages between metro and nonmetro areas.
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.