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U.S. EMPLOYMENT AND WAGES WATCH REPORT

 Employment and Wages by Industry, 2000-2006

This employment and wages watch report provides an overview of the most recent data on employment and wages in the United States.  The data below highlight employment, wages, and job trends. Download your free PDF copy of the U.S. Employment and Wages Watch Report.

 EMPLOYMENT

 Preliminary 2006 employment statistics reveals the following:

  • The education and health services sector of the U.S. economy employed more than 16.8 million Americans last year.
 
  • The nation's retail trade sector was responsible for 15.2 million U.S. jobs.
 
  • The U.S. manufacturing sector supported 14.1 million jobs.
 
  • The U.S. leisure and hospitality industry employed over 13 million Americans in 2006.
 

 

WAGES

The most recent wage statistics show the following:

  • The finance and insurance industry paid an average wage of $73,400 in 2005.
 
  • The professional and technical services sector of the U.S. economy paid its workers an average wage of $65,300.
 
  • The average wage in the nation's information industry was $62,900 in 2005.
 
  • The average wage in the manufacturing industry was $49,300.
 

 

SELECT INDUSTRIES BY AVERAGE WAGE, 2005
Finance and Insurance $73,385
Professional and Technical Serices $65,275
Information $62,853
Wholesale Trade $55,262
Manufacturing $49,287

2005 are the most recent available statistics on wages from the U.S. Department of Labor.

EMPLOYMEMPLOYMENT TRENDS ENT TRENDS

 The most recent employment trend data indicate the following:

JOB GAINS

  • The greatest numbers of jobs were added in the education and health sector over the last five years, with the number of jobs increasing by 1.5 million between 2002 and 2006, from 15.3 million to a projected 16.8 million.
 
  • The professional and technical services sector added nearly 700,000 jobs in the last five years, with employment jumping from 6.7 million to 7.3 million.
 
  • The U.S. finance and insurance industry created more than 300,000 jobs since 2002, with employment in this sector of the U.S. economy increasing from 5.7 million to almost 6 million.
 
   

 JOB LOSSES

  • The U.S. manufacturing industry shed 1.1 million jobs over the last five years, with employment dropping from 15.2 million in 2002 to 14.1 million last year.
 
  •   There were 300,000 fewer jobs in the information sector in 2006 than in 2002, with employment at just over 3 million last year.
 

 

EMPLOYMENT TRENDS BY SELECT INDUSTRIES, 2002 VS. 2006 (preliminary)
Industry
2002
2006
Numeric Change
Education and Health Services
15.3 Million
16.8 Million
+1.5 Million Jobs
Manufacturing
15.2 Million
14.2 Million
-1.1 Million Jobs
Professional and Technical Services
6.7 Million
7.3 Million
+692,000 Jobs
Finance and Insurance
5.7 Million
6.0 Million
+319,400 Jobs
Information
3.4 Million
3.0 Million
-324,300 Jobs

2006 statistics are preliminary and are subject to further revision.

Employment and Wages by Select U.S. Industries, 2000-2006
Sorted by 2006 Employment

Industries

2000 Employment

2001 Employment

2002 Employment

2003 Employment

2004 Employment

2005 Employment

2006 (preliminary)

2005
Average Wage

Total, all industries

 110,023,983

 109,304,802

 107,577,281

 107,065,553

 108,490,066

 110,611,016

  112,326,472

$40,505

Education & health services

   14,371,597

   14,849,666

   15,346,718

   15,738,013

   16,084,963

   16,479,482

   16,820,521

$37,654

Retail trade

   15,278,064

   15,179,753

   15,018,588

   14,930,765

   15,060,686

   15,256,340

   15,209,639

$24,930

Manufacturing

   17,314,423

   16,386,001

   15,209,192

   14,459,712

   14,257,380

   14,190,394

   14,136,040

$49,287

Leisure & hospitality

   11,867,977

   11,884,966

   11,995,950

   12,162,238

   12,467,597

   12,739,466

   13,043,940

$17,068

Construction

     6,653,366

     6,773,512

     6,683,553

     6,672,360

     6,916,398

     7,269,317

     7,583,787

$42,100

Professional & technical services

     6,806,552

     6,871,441

     6,654,743

     6,638,679

     6,768,868

     7,055,427

     7,346,541

$65,275

Finance and insurance

     5,550,325

     5,642,689

     5,678,156

     5,782,062

     5,813,299

     5,912,592

     5,997,573

$73,385

Wholesale trade

     5,740,969

     5,730,294

     5,617,456

     5,589,032

     5,642,537

     5,752,802

     5,867,124

$55,262

Transportation & warehousing

     4,188,864

     4,138,146

     3,989,116

     3,946,170

     4,009,165

     4,098,553

     4,173,064

$39,515

Information

     3,623,400

     3,591,995

     3,364,485

     3,180,752

     3,099,633

     3,056,431

     3,040,229

$62,853

Real estate & rental & leasing

     2,024,291

     2,036,285

     2,028,109

     2,044,868

     2,077,487

     2,125,259

     2,151,024

$39,396

Arts, entertainment, & recreation

     1,835,540

     1,784,330

     1,798,621

     1,816,902

     1,852,920

     1,867,996

     1,930,145

$28,157

Natural resources & mining

     1,706,147

     1,705,759

     1,661,870

     1,656,345

     1,675,038

     1,724,044

     1,771,899

$39,080

Agriculture, forestry, fishing & hunting

     1,194,744

     1,170,570

     1,155,890

     1,156,242

     1,155,106

     1,163,629

     1,162,461

$23,117

Source:  Bureau of Labor Statistics as compiled by Content First, LLC, 2006 employment statistics are preliminary and 2005 average wage statistics are most recent available.

  

Employment Trends

Industry

Five-Year Trend  2002-2006

One-Year Trend 2005-2006

Total, all industries

+4,749,191 Jobs

+1,715,456 Jobs

Education and Health Services

+1,473,803 Jobs

+341,039 Jobs

Construction

+900,234 Jobs

+314,470 Jobs

Leisure and Hospitality

+1,047,990 Jobs

+304,474 Jobs

Professional and technical services

+691,798 Jobs

+291,114 Jobs

Wholesale trade

+249,668 Jobs

+114,322 Jobs

Finance and insurance

+319,417 Jobs

+84,981Jobs

Transportation and warehousing

+183,948 Jobs

+74,511 Jobs

Arts, entertainment, and recreation

+131,524 Jobs

+62,149 Jobs

Natural Resources and Mining

+110,029 Jobs

47,855 Jobs

Real estate and rental and leasing

+122,915 Jobs

+25,765 Jobs

Agriculture, forestry, fishing and hunting

+6,571 Jobs

-1,168 Jobs

Information

-324,256 Jobs

-16,202 Jobs

Retail trade

+191,051 Jobs

-46,701 Jobs

Manufacturing

-1,073,152 Jobs

-54,354 Jobs

Source:  Bureau of Labor Statistics as compiled by Content First, LLC