Most wages rising faster than inflation

| Print |  Email
Archives - January 2007
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 Cover Story

Linda Baker
Thursday, August 27, 2015
01-cover-0915-thumbBY LINDA BAKER

How do you put a baby on the cover of a business magazine without it looking too cutesy?


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Car be gone

Linda Baker
Thursday, August 06, 2015
070615car2goblogthumbBY LINDA BAKER

Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.


Read more...

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


Read more...

Flattery with Numbers

July/August 2015
Friday, July 10, 2015
BY JOE CORTRIGHT

The false promise of economic impact statements.


Read more...

Business School

September 2015
Wednesday, August 19, 2015
BY AMY MILSHTEIN

Training, from the mundane to the sublime, bolsters companies and workers in an uncertain world.


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


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