Business and Financial Operations Occupations (13-0000) in Torrington Labor Market Area



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Torrington LMA (1Q 2017)
All Industry
Estimated employment		960
Mean wage		$31.61
Entry wage		$17.39
10th percentile wage		$14.67
50th percentile wage		$28.53
90th percentile wage		$48.44

Top Employing Industries
Industry	Employment / Percent
Professional and Business Services	270	28.4%
Education and Health Services	180	18.2%
Financial Activities	120	12.1%
Public Administration	110	11.6%

Top Paying Industries
Industry	Employment / Median Wage
Financial Activities	120	35.10
Construction	80	31.36
Professional and Business Services	270	29.99
Manufacturing	80	28.58

Business and Financial Operations Occupations (13-0000)


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$28.53		$28.53		$0.00
2016	$27.72	+2.9%	$27.72	+2.9%	$0.00
2015	$26.95	+2.9%	$26.95	+2.9%	$0.00
2014	$26.31	+2.4%	$26.31	+2.4%	$0.00
2013	$25.67	+2.5%	$25.67	+2.5%	$0.00
2012	$25.26	+1.7%	$25.26	+1.7%	$0.00
2011	$24.86	+1.6%	$24.86	+1.6%	$0.00
2010	$24.34	+2.2%	$24.34	+2.2%	$0.00
2009	$24.16	+.7%	$24.16	+.7%	$0.00
2008	$23.41	+3.2%	$23.41	+3.2%	$0.00
Year	This Occupation		Compared to All Occupations		Difference
Current	$28.53		$18.89		$9.64
2016	$27.72	+2.9%	$18.29	+3.3%	$9.43
2015	$26.95	+2.9%	$17.90	+2.1%	$9.05
2014	$26.31	+2.4%	$17.52	+2.2%	$8.79
2013	$25.67	+2.5%	$17.17	+2.1%	$8.51
2012	$25.26	+1.7%	$16.87	+1.7%	$8.38
2011	$24.86	+1.6%	$16.61	+1.6%	$8.25
2010	$24.34	+2.2%	$16.33	+1.7%	$8.01
2009	$24.16	+.7%	$16.11	+1.4%	$8.05
2008	$23.41	+3.2%	$15.70	+2.6%	$7.72

Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.
Reference Date: 1st Quarter 2017

Top Areas For This Occupation


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