While macro-economists are typically interested in industry data in order to measure GDP, track total payroll employment, or build input-output economic models, occupation data is more in the domain of labor market experts. Occupation data is often more useful for the more “human” side of economics—to answer questions about education, training, and re-employment programs.
When thinking about the labor market, you might envision large corporations and small businesses made up of thousands upon thousands of jobs–plus salaries, hourly pay, taxes, etc. But it’s important to remember that those corporations and businesses are part of a broader grouping: industries. And industry data is at the heart of labor market information.
Compensation is an important factor when considering a job, in any industry. In this article, we’ll look at the highest-paying industries (including wages and supplements like pensions, insurance plans, retirement, etc.).
A few years ago, we published an article on the top states where the top-earning welders make the most money: which states boast the highest welder salaries? How much do welders make per hour in each state? The original version of our article turned out to be so popular, we decided to review the data and update it. Plus, with many people returning to higher education to upskill or change their field of work due to current economic upheavals, it’s good to remember that it doesn’t always take a four-year degree to land a good career and comfortable income.
Your city and every other community in America are in an all-out arms race to develop, attract, and keep talent. Emsi has spent the last two years mapping local labor markets by skill cluster to help communities more effectively build and market their regional talent ecosystem and partner with higher education to upskill and train workers. Regional skill clusters are becoming a powerful way for regions to better match their talent to companies. Learn how skills are changing the way you define your region and talent strengths.
The Seattle Office of Economic Development defined and quantified the city’s creative economy in a report titled “There’s Something About Seattle: 2019 Creative Economy Report.” Read the findings to understand how the city’s creative sector is inspiring action from policymakers, creative advocacy organizations, creative workers, employers, and consumers of creative works.