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  • Saturday, 24 February 2024
Airline pilots got sharpest pay increases since 2010; dentists, the smallest. See if your job made the list.

Airline pilots got sharpest pay increases since 2010; dentists, the smallest. See if your job made the list.

According to a recent report by the U.S. Bureau of Labor Statistics (BLS), airline pilots saw the sharpest increase in pay in 2021, while dentists experienced the smallest. The report analyzed data from the BLS's Occupational Employment Statistics program, which collects employment and wage data for over 800 occupations in the United States.

Airline pilots saw a 17.7% increase in median hourly earnings from May 2020 to May 2021, making their median hourly wage $150. Median hourly wages for airline pilots have been steadily increasing since 2015, with the 2021 increase being the sharpest since 2010.

Other occupations that saw significant increases in median hourly earnings include aircraft mechanics and service technicians (15.5%), heating, air conditioning, and refrigeration mechanics and installers (12.8%), and computer and information research scientists (12.7%).

On the other end of the spectrum, dentists saw the smallest increase in median hourly earnings, with only a 0.2% increase from May 2020 to May 2021, bringing their median hourly wage to $82. Other occupations that saw little to no increase in median hourly earnings include nursing assistants, occupational therapists, and physician assistants.

The report also revealed that the median hourly wage for all occupations increased by 4.4% from May 2020 to May 2021, with a median hourly wage of $21.69. This increase can be attributed in part to the ongoing labor shortage caused by the COVID-19 pandemic.

The BLS report provides a valuable tool for job seekers and workers looking to compare wages across different occupations. It can also be used by employers to benchmark their pay rates against industry standards.

It is worth noting, however, that median hourly wages do not account for factors such as experience, education, and location, which can significantly impact an individual's earning potential. Additionally, the COVID-19 pandemic has caused significant disruption in the labor market, and future wage trends may be influenced by ongoing economic recovery efforts.

Overall, the BLS report highlights the dynamic nature of the U.S. labor market and the importance of ongoing analysis and data collection to inform policies and practices that support workers and employers alike.

According to a recent report by the U.S. Bureau of Labor Statistics (BLS), airline pilots saw the sharpest increase in pay in 2021, while dentists experienced the smallest. The report analyzed data from the BLS's Occupational Employment Statistics program, which collects employment and wage data for over 800 occupations in the United States.

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