Highest paid occupations, November 2004
November 10, 2005
The management and legal occupational groups were the two highest paying of the 22 major occupational groups in November 2004.
In both of these occupational groups, more than 30 percent of workers earned $43.75 or more per hour. Among management occupations, 36.4 percent of employees earned $43.75 or more per hour. In legal occupations, the corresponding number was 32.3 percent. In contrast, only about 1 percent of employees in either of these occupational groups earned less than $8.50 per hour.
As a group, 11.8 percent of employees in healthcare practitioner and technical occupations earned at least $43.75 per hour. Yet certain healthcare practitioner and technical occupations, such as specialist physicians and dentists, accounted for 12 out of the 14 highest-paying detailed occupations in November 2004.
These data are from the Occupational Employment Statistics program. To learn more about occupational earnings and employment, see Occupational Employment and Wages, November 2004 (PDF) (TXT), news release 05-2145. An employee with hourly earnings of $43.75 would have annual earnings of $91,000, assuming he or she is paid for a "year-round full-time" schedule of 2,080 hours.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Highest paid occupations, November 2004 on the Internet at http://www.bls.gov/opub/ted/2005/nov/wk1/art04.htm (visited September 29, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.