Mean wage (Occupational Employment Statistics)

What is Mean wage (Occupational Employment Statistics)?

Mean wage (Occupational Employment Statistics) meaning in Labor terms is An average wage; an occupational mean wage estimate is calculated by summing the wages of all the employees in a given occupation and then dividing the total wages by the number of employees.

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

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