Home Archives January 2007 Most wages rising faster than inflation

Most wages rising faster than inflation

| Print |  Email
Monday, January 01, 2007

0107OED1.gif

Since 2001, Oregonians’ average wages have risen faster than inflation. At least this is true for workers covered by unemployment insurance — close to 90% of workers in the state. Their wages gained more than 4% over the past year compared to 2.7% inflation. And it wasn’t only the top earners who saw real pay raises. The gains were enjoyed across all wage groups. Median wages climbed by at least 9% from 2001 to 2005 for the five earnings quintiles.  This easily beat inflation of 7.5% as indicated by the Portland-Salem consumer price index. However, some industries lagged inflation. Between 2001 and 2005, average wages rose only 1% in the fast-growing construction industry and only 2% in transportation- equipment manufacturing. In contrast, average wages climbed 20% in financial activities and 21% in hospitals.

— Art Ayre, state employment economist
Oregon Employment Department
www.qualityinfo.org
0107OED2.gif

 

More Articles

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS