Full-time workers’ 3Q earnings outpace inflation

Median “usual earnings” for full-time wage and salary earners in the quarter ended Sept. 30 were $675 per week, up 4.0 percent from the third quarter of 2005, the U.S. Labor Department’s Bureau of Labor Statistics Thursday reported.

That compares with a 3.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) for the same period, the BLS noted.

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The usual-earnings report’s other highlights included:

* Women who usually worked full-time had median earnings of $599 per week, or 80.0 percent of the $749 earned by their male counterparts. The female-to-male earnings differential was greatest among whites, at 79.6 percent; it was 83.9 percent among blacks, 84.9 percent for Asians and 87.3 percent for Hispanics and Latinos.
* Hispanics or Latinos who worked full time had median weekly earnings of $485, compared with $555 for blacks, $692 for whites and $798 for Asians.
* Median weekly earnings for full-time workers 25 and older with no high school diploma were $420; for high school graduates with no college were $602; and for those with a bachelor’s degree or higher were $1,047.
* For both men and women, median weekly earnings were highest among those ages 45 to 54 (at $894 and $662, respectively) and 55 to 64 ($886 for men and $661 for women), the traditional peak earnings periods.
* For managerial, professional and similar occupations, the medians were $1,147 per week for men and $856 for women. Earnings were lowest among men and women in service occupations.

Data on usual earnings are collected as part of the nationwide Current Population Survey. The full report is available as a PDF at www.bls.gov.

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