Finance industry led the way in earnings in 1990s
February 14, 2001
Between 1989 and 1999, average hourly earnings in the finance, insurance, and real estate industry grew from $9.53 to $14.62—an increase of 53.4 percent. This was the biggest increase in hourly earnings among the major industry divisions, both in terms of level and percent increase.
The services industry recorded the second largest increase at 42.4 percent while wholesale trade was third at 40.3 percent. The smallest percent increase in hourly earnings—24.8 percent—took place in the transportation and public utilities industry. In private industry overall, average hourly earnings rose by 37.1 percent from 1989 to 1999.
These data are a product of the BLS Current Employment Statistics Program. Average hourly earnings figures in this article are for production and nonsupervisory workers. Find out more in "Job Growth in the 1990s: a retrospect," by Julie Hatch and Angela Clinton, Monthly Labor Review, December 2000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Finance industry led the way in earnings in 1990s on the Internet at https://www.bls.gov/opub/ted/2001/feb/wk2/art03.htm (visited July 24, 2017).
Recent editions of Spotlight on Statistics
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.
Sports and Exercise
A look at participation and time spent in sports and exercise activities.
Women at Work
A look at women's labor force participation and earnings, how women spend their time and money, the nature of fatal work injuries, and labor force projections for the future.
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.