Home > Term: percentile wage estimate
percentile wage estimate
Shows what percentage of workers in an occupation earn less than a given wage and what percentage earn more. For example, a 25th percentile wage of $15. 00 indicates that 25% of workers (in a given occupation in a given area) earn less than $15. 00; therefore 75% of workers earn more than $15. 00.
- Part of Speech: noun
- Industry/Domain: Labor
- Category: Labor statistics
- Company: U.S. DOL
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Creator
- Levi Taylor
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