Washington’s average annual wage nears $61,900 in 2017

Washington’s average annual wage grew by 5.0 percent in 2017 to $61,887, according to the state Employment Security Department – representing the largest percentage increase year over year since 2007.

The average weekly wage rose from $1,133 in 2016 to $1,190 in 2017. These figures include only those wages that are covered by unemployment insurance.

Much of the increase was driven by a 7.7 percent increase in total earnings, which grew by nearly $14.1 billion in 2017. Overall, the average number of workers in Washington covered by unemployment insurance grew by just over 81,790 in 2017.

The industries with the largest average wage growth in 2017 were retail trade, up 14.5 percent; information, up 8.2 percent; and accommodation and food services, up 6.9 percent.

The average annual wage is used to calculate unemployment benefits for jobless workers. The minimum weekly unemployment benefit, calculated at 15 percent of the average weekly wage, will increase by $9 to $178, for new claims opened on or after July 1. At the same time, the maximum weekly benefit, which is the greater of $496 or 63 percent of the average weekly wage, will increase by $36 to $749.

Currently, about 20 percent of unemployment insurance claims are paid the maximum benefit amount, and 10 percent receive the minimum.

In addition to unemployment benefits, the average annual wage is used in computing employers’ unemployment taxes. Beginning in 2019, employers will pay unemployment taxes on the first $49,800 paid to each employee – up from $47,300 in 2018.

The state average wage also is used by the Department of Labor & Industries in calculating worker’s compensation benefits.

More in Business

State’s economy makes way for more jobs in August

Unemployment rate dips slightly to 4.5 percent

Developer joins local leaders to discuss business opportunities, challenges for South King County

Bob Wallace, Wallace Properties CEO and Puget Sound regional developer, spoke to… Continue reading

New page for old bookstore

Former Marine settles in Comstock’s space to help heal fellow veterans of PTSD

3No Networking mixer visits Local Brix on Thursday, Sept. 20

Business leaders and guests are invited to a 3No Networking mixer at… Continue reading

The King County Council last October approved the replacement of the outdated and undersized Algona Transfer Station as shown in this file photo. The new station will be located just north of the old one off West Valley Highway South. REPORTER PHOTO
County’s new solid waste disposal rate to support facility upgrades, service improvements

A small increase in King County’s solid waste disposal rates takes effect… Continue reading

Workshop helps property owners deal with alder trees

Red alder can be a vexing species for property owners as older… Continue reading

3No Networking mixer returns to Geaux Brewing on Thursday, Sept. 13

Business leaders and guests are invited to a 3No Networking mixer at… Continue reading

Brown Bear Car Wash celebrates 61rst birthday on Aug. 23 with free car washes

Brown Bear Car Wash turns “61” next Thursday, Aug. 23, and celebrates… Continue reading

No 3No Networking mixer comes to Emerald Downs on Thursday, Aug. 23

Business leaders and guests are invited to a 3No Networking mixer at… Continue reading

Most Read