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US Usual Weekly Earnings Summary - Third Quarter 2008
added: 2008-10-20

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. 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 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 $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).

- 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 difference 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).

- 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).

- Among the major occupational groups, persons employed full time in managerial, professional, and related occupations had the highest median weekly earnings-$1,234 for men and $916 for women. Persons employed in service jobs earned the least.

- 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 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 $3,192 or more per week, compared with $2,287 or more for their female counterparts.


Source: U.S. Department of Labor

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