CFED Assets & Opportunity Scorecard
Average Annual Pay
Definition
Average annual pay for all workers covered by unemployment insurance, 2011, adjusted for state cost of living.
Description
Earning an adequate salary makes it possible for families to make ends meet, pay down debt, and save for and invest in the future. This measure is only an approximation of annual earnings, as an individual may not be employed by the same employer all year or may work multiple jobs at once.
Average annual pay is defined as the total annual pay of all employees covered by unemployment insurance (UI) programs, divided by the average number of UI-covered employees. It is important to note that average annual pay is affected by both the ratio of high-paid to low-paid employees and the ratio of full-time to part-time workers.
For more information on this measure, including workers covered and the methodology, see the Bureau of Labor Statistics.
Average Annual Pay
Source
Quarterly Census of Employment and Wages. Washington, DC: U.S. Department of Labor, Bureau of Labor Statistics, 2011.
State Multi-Year Regional Price Parities, 2006-2010, Table 1. Washington, DC: U.S. Department of Commerce, Bureau of Economic Analysis.
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