Median weekly earnings of the nation’s 98.7 million full-time wage and salary workers were $748 in the fourth quarter of 2009, the U.S. Bureau of Labor Statistics reports. This was 2.7 percent higher than a year earlier, compared with a gain of 1.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.
Highlights from the fourth-quarter data are:
• Women who usually worked full time had median earnings of $670 per week, or 81.2 percent of the $825 median for men. The female-to-male earnings ratios were higher among blacks (93.4 percent) and Hispanics (86.6 percent) than among whites (79.9 percent) or Asians (83.5 percent).
• Among the major race and ethnicity groups, median earnings for black men working at full-time jobs were $653 per week, 76.8 percent of the median for white men ($850). The difference was less among women, as median earnings for black women ($610) were 89.8 percent of those for white women ($679). Overall, median earnings of Hispanics who worked full time ($547) were lower than those of blacks ($629), whites ($763) and Asians ($877).
• Usual weekly earnings of full-time workers varied by age. Among men, those age 45 to 54 and age 55 to 64 had the highest median weekly earnings, $967 and $953, respectively. Among women, weekly earnings were highest for those age 55 to 64 ($750).
• Among the major occupational groups, persons employed full time in management, professional and related occupations had the highest median weekly earnings — $1,227 for men and $909 for women. Persons employed in service jobs earned the least.
• By educational attainment, full-time workers age 25 and over without a high school diploma had median weekly earnings of $449, compared with $638 for high school graduates (no college) and $1,121 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 $3,342 or more per week, compared with $2,156 or more for their female counterparts.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info