Erie Vital Signs

Income: Weekly Wages

Recent Performance

This trend needs improvement, as real wage growth has been very sluggish.

Erie’s average weekly wages (in real terms, corrected for inflation) in 2014 were $764, well below those in Pennsylvania ($972), the U.S. as a whole ($988), and the average for the thirteen Erie Vital Signs peer areas ($869). Real average weekly wages in Erie have been falling since 2011, although it increased slightly between 2013 and 2014. Moreover, the growth rate of Erie’s average weekly wages is one of the slowest among the benchmark peer areas. These data suggest that Erie’s labor market remains relatively weak.



The Basics

Average weekly wages are the earnings per week, on average, for all workers in the private sector.

Why is this important?

For many individuals, weekly wages are the primary source of income and purchasing power.

The Details

This is a measure of the average weekly earnings of all employees on private nonfarm payrolls, derived by multiplying average weekly hours estimates by average hourly earnings estimates.

The Nitty-Gritty Details

U.S. Bureau of Labor Statistics, State and Metro Area Employment, Hours, & Earnings

Subcategories

This EVS indicator has no subcategories.

Peer Areas

These variables include data on all 13 of the standard peer areas, along with U.S. and PA data.

Frequency

Annual

Source

U.S. Bureau of Labor Statistics, State and Metro Area Employment, Hours, & Earnings

Other Related Data

Latest Erie Data from the Economic Research Institute of Erie, at the Black School of Business at Penn State Behrend

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