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



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Hartford LMA (1Q 2020)
All Industry
Estimated employment		39,020
Mean wage		$39.64
Entry wage		$24.85
10th percentile wage		$22.83
50th percentile wage		$36.81
90th percentile wage		$59.17

Top Employing Industries
Industry	Employment Percent
Financial Activities	14,950	38.3%
Professional and Business Services	8,770	22.5%
Manufacturing	3,160	8.1%
Education and Health Services	2,960	7.6%

Top Paying Industries
Industry	Employment Median Wage
Public Administration	1,440	40.56
Financial Activities	14,950	39.92
Information	570	36.65
Construction	810	34.95

Business and Financial Operations Occupations (13-0000)


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$36.81		$36.81		$0.00
2019	$35.60	+3.4%	$35.60	+3.4%	$0.00
2018	$34.69	+2.6%	$34.69	+2.6%	$0.00
2017	$33.87	+2.4%	$33.87	+2.4%	$0.00
2016	$33.09	+2.4%	$33.09	+2.4%	$0.00
2015	$32.17	+2.9%	$32.17	+2.9%	$0.00
2014	$31.41	+2.4%	$31.41	+2.4%	$0.00
2013	$30.65	+2.5%	$30.65	+2.5%	$0.00
2012	$30.15	+1.7%	$30.15	+1.7%	$0.00
2011	$29.68	+1.6%	$29.68	+1.6%	$0.00
Year	This Occupation		Compared to All Occupations		Difference
Current	$36.81		$24.96		$11.85
2019	$35.60	+3.4%	$23.95	+4.2%	$11.66
2018	$34.69	+2.6%	$23.22	+3.1%	$11.47
2017	$33.87	+2.4%	$22.60	+2.8%	$11.28
2016	$33.09	+2.4%	$22.08	+2.3%	$11.01
2015	$32.17	+2.9%	$21.62	+2.1%	$10.55
2014	$31.41	+2.4%	$21.16	+2.2%	$10.25
2013	$30.65	+2.5%	$20.73	+2.1%	$9.92
2012	$30.15	+1.7%	$20.37	+1.7%	$9.78
2011	$29.68	+1.6%	$20.05	+1.6%	$9.63

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 2020

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