Second quarter usual weekly earnings report

(Washington, DC – Insurance News and Markets) – The country’s 113.4 million full-time wage and salary workers earned an average of $859 in the second quarter of 2017 (based on data that is not seasonally adjusted), the U.S. Bureau of

Labor Statistics reported on July 19. This is just over four percent higher than in 2016, and is compared with a gain of 1.9 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

The Current Population Survey collects data on usual weekly earnings, among other topics. Respondents are asked about how much each individual earns. The second-quarter data notes that women earned $780, approximately 83.5 percent of what men earned ($934).

The women’s-to-men’s earnings ratio varied by race and ethnicity. White women earned 84.1 percent as much as their male counterparts, while black women earned 96.3 percent, Asian women earned74.2 percent and Hispanic women’s earnings were at 89.2 percent.

Men between the ages of 35 and 64 earned $1065 a week, while women between the ages of 35 and 44 earned $877, while women between 45 and 54 earned $851. Young adults (between 16 and 24) had the lowest median   weekly earnings, $524 for men and $496 for women.

Source: U.S. Bureau of Labor Statistics.