Business and Financial Operations Occupations (13-0000) in Norwich-New London Labor Market Area



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Norwich-New London LMA (1Q 2020)
All Industry
Estimated employment		4,430
Mean wage		$37.92
Entry wage		$23.08
10th percentile wage		$20.49
50th percentile wage		$34.47
90th percentile wage		$58.72

Top Employing Industries
Industry	Employment Percent
Manufacturing	890	20.0%
Public Administration	770	17.3%
Professional and Business Services	700	15.7%
Leisure and Hospitality	380	8.5%

Top Paying Industries
Industry	Employment Median Wage
Public Administration	770	39.83
Manufacturing	890	37.47
Construction	130	35.84
Professional and Business Services	700	34.61

Business and Financial Operations Occupations (13-0000)


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$34.47		$34.47		$0.00
2019	$33.34	+3.4%	$33.34	+3.4%	$0.00
2018	$32.48	+2.6%	$32.48	+2.6%	$0.00
2017	$31.72	+2.4%	$31.72	+2.4%	$0.00
2016	$30.98	+2.4%	$30.98	+2.4%	$0.00
2015	$30.12	+2.9%	$30.12	+2.9%	$0.00
2014	$29.41	+2.4%	$29.41	+2.4%	$0.00
2013	$28.70	+2.5%	$28.70	+2.5%	$0.00
2012	$28.23	+1.7%	$28.23	+1.7%	$0.00
2011	$27.79	+1.6%	$27.79	+1.6%	$0.00
Year	This Occupation		Compared to All Occupations		Difference
Current	$34.47		$21.00		$13.47
2019	$33.34	+3.4%	$20.15	+4.2%	$13.19
2018	$32.48	+2.6%	$19.53	+3.1%	$12.95
2017	$31.72	+2.4%	$19.01	+2.8%	$12.71
2016	$30.98	+2.4%	$18.58	+2.3%	$12.41
2015	$30.12	+2.9%	$18.19	+2.1%	$11.94
2014	$29.41	+2.4%	$17.80	+2.2%	$11.61
2013	$28.70	+2.5%	$17.44	+2.1%	$11.26
2012	$28.23	+1.7%	$17.14	+1.7%	$11.09
2011	$27.79	+1.6%	$16.87	+1.6%	$10.92

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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