August 01, 2017

DCR National Temp Wage Index - August 2017

According to monthly jobs report published in July 2017 by the Bureau of Labor Statistics (BLS), the U.S. economy generated 222,000 new jobs in June 2017. The unemployment rate relatively steady at 4.4%, as did the labor-force participate rate at 62.8%. Employment growth has averaged 180,000 per month so far in 2017.

Unemployment by Reason

Source: BLS


Employment gains this month were strongest in healthcare (+37,000), professional and business services (+35,000) and social assistance (+23,000).  Additionally, employment in financial activities grew by 17,000 jobs and in mining by 8,000 jobs.

Employment and Average Hourly Earnings by Industry

Source: BLS

Average hourly earnings for all employees on private nonfarm payrolls increased by 4 cents to $26.25. Through 2017, average hourly earnings have grown by 2.5%

The Highest-Paying Jobs in America

According to the U.S. Department of Labor’s BLS, these are the top 8 highest-paying jobs in the United States currently.

  1. Physicians and surgeons: Physicians and surgeons have the highest average salaries of all Americans. On the upper end, anesthesiologists earn an average annual salary of $269,600 while on the lower end, pediatricians earn an average annual salary of $184,240.
  2.  Dentists: Dentists earn an average annual salary of $171,900 on the low end to $232,870 on the upper end for oral and maxillofacial surgeons.
  3. Chief Executives (CEOs): CEOs earn an average annual salary of $194,350, but because they can work for organizations of vastly different sizes, there is a wide range in the pay scale.
  4. Nurse Anesthetists: Nurse anesthetists have an average annual paycheck of $164,030.
  5. Aircraft Pilots, Copilots and Flight Engineers: The average annual salary for this occupation is $152,770.
  6. Petroleum Engineers: These professionals earn an average of $147,030 per year
  7. Computer and Information Systems Managers: These technology professionals have an average annual salary of $145,740
  8. Marketing Managers: The average salary for marketing managers is $144,140 per year.

Are Programming Jobs Leaving Silicon Valley?

Silicon Valley has been the home of the software industry for decades. But increasingly, programming jobs are starting to leave California and spread out to other metro areas of the country. Similar to how finance work no longer happens just on Wall Street, programming is now all across America.

Software” Jobs Shifts, 2012 to 2017

Source: Quartz & Glassdoor