Wage & Employment Trends

Track labor market changes, wage growth patterns, and emerging career opportunities across industries and regions

National Wage Growth Trends

Average wage progression and growth rates across all occupations from 2019-2023

Average Annual Wage Growth

5-Year Growth

+10.9%
Average wage increase since 2019

Current Average

$59,340
National average wage 2023

Peak Growth Year

2022
+3.5% wage growth rate

Industry Wage Trends (2019-2023)

Compare wage growth across major industry sectors over the past five years

Technology

2019 $89,650
2023 $108,420
Growth +21%
5.4M employed

Healthcare

2019 $67,890
2023 $78,340
Growth +15.4%
16.8M employed

Finance

2019 $81,240
2023 $91,870
Growth +13.1%
6.9M employed

Education

2019 $51,670
2023 $56,420
Growth +9.2%
14.2M employed

Manufacturing

2019 $55,840
2023 $60,280
Growth +7.9%
12.5M employed

Fastest Growing Occupations

Emerging and high-growth occupations projected to expand significantly over the next decade

AI/Machine Learning Engineers

Design and develop artificial intelligence and machine learning systems

+74%
projected growth
$142,570
Current Avg. Wage
184,300
Projected Jobs 2033

Cybersecurity Specialists

Protect organizations from digital threats and security breaches

+35%
projected growth
$99,730
Current Avg. Wage
438,900
Projected Jobs 2033

Data Scientists

Analyze complex data to help organizations make better decisions

+36%
projected growth
$126,830
Current Avg. Wage
152,460
Projected Jobs 2033

Renewable Energy Technicians

Install and maintain solar, wind, and other renewable energy systems

+52%
projected growth
$51,890
Current Avg. Wage
78,450
Projected Jobs 2033

Regional Wage Growth

Compare wage growth patterns and hot occupations across different US regions

West Coast

+18.5%
5-year wage growth

Hot Occupations:

Software Engineer
Data Scientist
Product Manager

Northeast

+14.2%
5-year wage growth

Hot Occupations:

Financial Analyst
Healthcare Administrator
Consultant

Southeast

+12.8%
5-year wage growth

Hot Occupations:

Manufacturing Supervisor
Logistics Coordinator
Nurse

Midwest

+11.3%
5-year wage growth

Hot Occupations:

Agricultural Specialist
Manufacturing Engineer
Teacher

Key Market Insights

Important trends shaping the future of work and compensation

Tech Dominance

Technology sector continues to lead wage growth with 21% increase over 5 years, driving overall market trends.

Healthcare Growth

Healthcare occupations show strong growth with aging population driving demand for medical professionals.

Skills Premium

Specialized skills command higher premiums, with AI/ML roles showing 74% projected growth rates.

Stay Ahead of Labor Market Trends

Use our trend data to make informed career decisions and identify emerging opportunities in your field.