Why Is This Important?
Calculated by dividing total annual wages by annual average employment for all industries. A further division by 52 yields average weekly wages per employee.
Data source: U.S. Bureau of Labor Statistics - Quarterly Census of Employment and Wages (QCEW)
Oakland County is in the process of reviewing additional data across the three main industry categories: 1) traditional blue-collar industries (e.g., manufacturing, transportation, construction, etc.); 2) higher-education service providing industries (e.g., financial sector and health care such as doctors and nurses); and 3) lower-education service industries (e.g., retail, hospitality, personal care services). Leveraging funding opportunities from federal and state sources, Oakland County will evaluate and deploy innovative strategies to grow wages in the county across ALL industries.
For more information on the programs and services offered by the Economic Development office, visit Advantage Oakland.