Employees' Weekly Earnings Up Across the US
The average weekly earnings for 118 million employees across the US was higher in the fourth quarter of 2022 than it was during the same time in 2021, according to a new report from the US Bureau of Labor Statistics.
The average working collected $1,085 a week during the fourth quarter of 2022, a 7.4% increase from the year before.
A statistical breakdown of the data showed women's median weekly earnings were $975, or 83% of the $1,176 men earned. The highest earners weekly were full time management professionals collecting $1,729 a week for men and $1,316 for women.
Those employed in services occupations earned the least, on average, with a weekly average of $782 for men and $652 for women.
Workers 25 years old and older without a high school diploma earned $675 on average, while those with only a high school diploma averaged $875 weekly. Employees who possessed at least a bachelor's degree made $1,574 weekly, the report stated.