According to the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics May 2023 National Occupational Employment and Wage Estimates survey, what will be the Annual Mean Wage for each of the listed occupations?
The answers will be normalized by the largest annual mean wage on the 2023 survey.
For example, if I had listed this question in 2022:
[29-1212 Cardiologists: $421,330] would resolve 100%
[11-9171 Funeral Home Managers: $84,770] would resolve to 84770/421330 = 20.1%
Here is May 2022 National Occupational Employment and Wage Estimates
Here is May 2021 National Occupational Employment and Wage Estimates
In cases where an annual wage is not provided, one will be calculated by multiplying the hourly wage by AVERAGE(ANNUAL/HOURLY) of all the listed occupations that provide both an hourly and an annual value.
The survey results are expected to be released Wednesday, April 3, 2024
at 10:00 AM.
Please feel free to add any occupations from the 2018 Standard Occupational Classification System that may interest you! Use the format [Occupation code] Occupation Title.
Related markets:
2023 <- you are here
1,000
3.00Data used to resolve is available here: https://docs.google.com/spreadsheets/d/1hwXK1dwhnP__xMFUZxqL6mxaO3N1I1pTScjIAOuf3Zg/edit?usp=sharing
@PatrickDelaney I’ll use the highest annual wage each year as the baseline. That’s not super clear in the descriptions now, I’ll try to clean it up!
@JacobWood Still not clear. Can you please tell me what your understanding of baseline means?
E.g.,
"The answers will be normalized by the largest annual mean wage on the list"
... what is, "the list?" The 2022 list? Are you comparing 2022 to 2023?
@PatrickDelaney "The list" is the survey result for that year. So for this market I would take the annual wage for [27-1024] Graphic Designers and divide by the highest reported annual wage in the 2023 survey (presumably the wage of [29-1212] Cardiologists, but possibly something else will have displaced them as the highest earners). There is no inter-year comparison.
@PatrickDelaney I updated the description:
The answers will be normalized by the largest annual mean wage on the 2023 survey.
For example, if I had listed this question in 2022:
[29-1212 Cardiologists: $421,330] would resolve 100%
[11-9171 Funeral Home Managers: $84,770] would resolve to 84770/421330 = 20.1%
How is that?