PayScale Index Q1 2016 Highlights

Q1 2016: (Some) Tech Jobs Are Hot, Transportation is Racing, and Mining Isn't Striking Gold

  • Despite lackluster growth for tech jobs, cities where tech companies cluster, like Seattle, experienced strong wage growth. Seattle saw the highest annual wage growth since before the Great Recession (3.6 percent), followed by Minneapolis (2.6 percent) and San Francisco (2.4 percent).

  • But IT jobs actually took a small dip this quarter (-0.1 percent). To figure out how this could happen, we investigated and found that data-focused jobs (Data Analyst, Data Scientist, etc.) are growing, and so are their wages. Their increase has bumped up overall wages in the sector even though other IT jobs' wages have stalled.

  • Transportation is on the move. Transportation jobs top the list for highest annual wage growth (4.6 percent year-over-year), and the Transportation industry has the second-highest annual growth of any industry at 2.4 percent, just behind Utilities.

  • But wages for Mining, Oil, and Gas Exploration are sinking deeper and deeper. Despite some signs of recovery in Q4 2015, wages for this industry fell once again in Q1 2016.

  • This quarter, Mining, Oil and Gas Exploration has an annual decrease of 0.7 percent, the lowest of any industry. However, no industry even comes close to Mining, Oil and Gas Exploration in terms of overall wage growth since 2006. It is still up 17 percent, with the next highest industry (Utilities) reporting growth of 12 percent.

  • Marketing and Advertising jobs barely make headway on recovering from the huge dip they had in early 2015. After falling 2.9 percent between Q1 and Q2 2015 (the worst numbers across any job in any quarter ever measured), wages have only grown slightly, and still remain more than 2 percent below their levels a year ago.

  • Wage growth for healthcare jobs is quite healthy. After a bit of a roller coaster in 2012, wages for Healthcare jobs are up 5.8 percent. This quarter, wages grew by 0.6 percent, making them third on the list of job families in terms of annual wage growth (2.5 percent).

  • When it comes to wage growth since 2006, healthcare jobs report wage growth of 13.3 percent (just behind Architecture and Engineering jobs). With our population still aging, this probably won't slow down anytime soon.

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Methodology for The PayScale Index: Trends in Compensation
The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.

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