April 21, 2000 (The Editor’s Desk is updated each business day.)
College grads have biggest wage increase in 1999
Median weekly
earnings increased for workers at all four major educational levels in
1999. However, median weekly earnings for those with a college degree
increased the most, rising by 4.8 percent over the year, to $860.
 [Chart data—TXT]
Earnings for persons with some college experience or an associate’s
degree increased by 3.9 percent, to $580, while earnings for those with a
high school diploma rose by 2.3 percent, to $490. Earnings for workers
with less than a high school diploma were up 2.7 percent in 1999, to $346.
These data are from the Current
Population Survey. To find out
more, see "The
job market remains strong in 1999,"
by Jennifer Martel and Laura A. Kelter, Monthly Labor Review,
February 2000. Earnings data here are for full-time wage and salary
workers.
Of interest
Spotlight on Statistics: The Recession of 2007–2009
The most recent recession in the United States began in December 2007 and ended in June 2009, though many of the statistics that describe the U.S. economy have yet to return to their pre-recession values. In this Spotlight, we present BLS data that compare the recent recession to previous recessions.
Read more »
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