Salary & Job Growth Data. 2022-11-18 (2023)

What are some good college majors Rating: 9,2/10 1341reviews

There are many good college majors to choose from, and the best one for you will depend on your interests, strengths, and career goals. Here are a few examples of popular and fulfilling college majors:

  1. Engineering: Engineering is a diverse field that involves designing and building products, structures, and systems. It is a practical major that can lead to a wide range of exciting and high-paying careers, such as designing aircraft, developing software, or creating new medical technologies.

  2. Business: A business degree can open up opportunities in a variety of industries, including finance, marketing, and management. With a business degree, you can work in a corporate setting, start your own business, or even pursue a career in the non-profit sector.

  3. Computer Science: The demand for skilled computer scientists is higher than ever, and a degree in computer science can lead to a wide range of rewarding careers, including software development, data analysis, and cybersecurity.

  4. Biology: A biology degree can prepare you for a career in a variety of fields, including medicine, research, and environmental science. If you have a strong interest in the natural world and want to make a difference in the health and well-being of others, this could be a great major for you.

  5. Education: If you enjoy working with children and want to make a difference in the lives of young people, a degree in education could be the perfect fit. With an education degree, you can work as a teacher, counselor, or administrator in a variety of settings, including public schools, private schools, and non-profit organizations.

    (Video) This Company is Crushing It

Ultimately, the best college major for you will depend on your unique strengths, interests, and goals. It's important to carefully consider your options and choose a major that will provide you with the skills and knowledge you need to succeed in your chosen career.

21 Hardest College Majors And Why They're Hard

Salary & Job Growth Data. 2022-11-18 (1)

Chemistry Chemistry is the study of the basic properties of matter. While the major you choose to pursue shouldn't necessarily be based on how much money you can make, it should come with some promise of stability to ensure you can support yourself and your family after graduation. For instance, online learners save a great deal of time compared to their in-person counterparts when getting ready for class. Plus, there are useful things you can proactively do to find out more about yourself and what you like. Oftentimes, biology majors continue to medical school to become doctors, or enter professions as biologists, optometrists, environmentalists and ecologists.


Different Majors in College: Your Ultimate Guide to Choosing

Salary & Job Growth Data. 2022-11-18 (2)

Like space itself, astronomy is a vast field of study. They may also take on the role of business analysts, budget analysts, insurance underwriters or claims adjusters, fund managers, and management consultants. Physics Physics Major Theoretical and experimental physicists make up the two main subgroups of physics majors. Here are my top recommendations. During your final two years as a history major, you will complete a capstone project.


10 Best College Majors For The Future 2022

Salary & Job Growth Data. 2022-11-18 (3)

The telecommunications, energy, manufacturing, and construction industries all need people with this kind of training. You may volunteer at a neighborhood non-profit or participate in a research program at a university for college students. Additionally, you ought to study psychology and nutrition. Common coursework: Education courses vary by school and program. Majors with low unemployment rates, high income and no requirement for future education are considered the most beneficial for college graduates. Additionally, you can earn a concentration in a focus area that interests you. There are many things to consider when choosing a major.

(Video) How to Use CMC-Community - CoinMarketCap's New Social Feature

33 of the Highest

Salary & Job Growth Data. 2022-11-18 (4)

You must enroll in math, physics, chemistry, electricity and magnetism, quantum mechanics, and thermodynamics courses. Between 2021 and 2031, jobs for training and development managers may , according to the Bureau of Labor Statistics. Biomedical Engineering Biomedical Engineering Major Biomedical engineers learn about things like biology, chemistry, math, and physics. This career field is in high demand and is expected to grow by 30% by 2028, which is significantly faster than all other occupations. But if you love to read and write, English is one of the best majors for undecided students. Forestry Did you know that forestry programs are not just about trees? Chemical engineers help to produce products that are the least harmful to the environment. The lowest 25 percent of earners in architecture and engineering also made less than the average health or business grad.


List of 200 College Majors: Which Is Right For You?

Salary & Job Growth Data. 2022-11-18 (5)

(Video) Apps getting deleted in 2022 (this is true not a lie)😭😭😭

Using apparatus such as cameras, spectrometers, and radio receivers, they will record their findings in writing. Courses explore a range of topics, from geology and soil science to entomology and natural resource management. They should also develop their independence-working skills. The job of an educator never ends; you can never truly know when your influence on others begins or ends. Physics, chemistry, biology, and math are a few of these abilities. Physical therapy Physical therapists teach patients how to manage their health conditions for long-term benefits. Genetics A genetics major provides individuals with in-depth knowledge of how genetics affects modern society.


Top 10 College Majors

Salary & Job Growth Data. 2022-11-18 (6)

That could include cars, airplanes, sensors, turbines, compressors, and so much more. If you like solving puzzles, take a look at an introductory math or science course. Computer science Computer scientists are computer experts who specialize in the transmission of and interaction with data. Does it fit your goals? The study of molecules, such as proteins, carbohydrates, lipids, nucleic acids, and tiny chemical compounds, will be the main focus for the students. Which college major is the best major? A bachelor degree in Accounting will, of course, open up the possibility of working in accountancy, but it will also open up various other fields, including being a financial analyst, a personal financial advisor, or a cost estimator.


Best College Majors to Choose From

Salary & Job Growth Data. 2022-11-18 (7)

Economics Major What it offers: While not known as the most fun majors in college, economics can lead to good careers for undecided students. As an English major, you study literature. Electronics engineering majors learn how to apply scientific and engineering knowledge and technical skills to make educated career decisions and compete successfully in the areas of instrumentation, computers, electronics, controls, electrical circuits, industrial control, communications, and manufacturing and testing. This career is projected to grow by 8% between 2018 and 2028, which is faster than other careers. Lab classes in calculus, organic chemistry, biochemistry, and biology aid students in learning the fundamentals of these disciplines. This could be the best college major for you if you have proficiency in finance, statistics, and math. Another opportunity for students to gain practical experience is through research projects.


30 Best College Majors for the Future [2022 Rankings]

Salary & Job Growth Data. 2022-11-18 (8)

Computer science Computer science and information technology is an increasingly popular major and career choice. What is actually out there can only be seen in limited portions from Earth. Additionally, they must have a thorough understanding of electronics and circuit design. The history of design, construction, and materials will also be taught to students majoring in architecture. Lastly, you want to be realistic. What do you want to do after you graduate? How to Pick a Major So, among these 200 majors and more, if you can find them , how do you Your personal interests, strengths, and experiences This combination of factors is probably most important in finding the right major for you.

(Video) Live Our Values and Mission Abroad with Booz Allen

Top 10 Degrees and the Best Majors for Undecided Students

Salary & Job Growth Data. 2022-11-18 (9)

Easy Majors Are Just A Piece Of Paper People frequently believe that college degrees are just pieces of paper. Graduates will leave school with the ability to create algorithms, understand different programming languages, and utilize artificial intelligence, data mining, and security skills. What College Majors Are Worth It? Additionally, they must be able to communicate clearly with clients and contractors, read architectural drawings and blueprints, and understand blueprints. The aforementioned majors are on this list as the best college majors because they are in high demand, offer stable salaries, and can help you to achieve your career prospects. Nursing majors work in the health care industry in hospitals, physicians' offices and nursing care facilities. This particular field is expected to grow by 7% between 2018 and 2028, which is faster than most other careers.


32 Best College Majors to Pursue in 2023: Salary & Job Growth Data

Salary & Job Growth Data. 2022-11-18 (10)

According to the Bureau of Labor Statistics, the primary reason for this growth is globalization and growing economies. Colleges have certain rules, requirements, and red tape that define how to succeed. At the same time, administration focuses more on the daily operation of a business. Business programs prepare you to work as a team. And it's easy to find programs near you.

(Video) How to Reconnect Communities



How much has labor increased in 2022? ›

Wages and salaries increased 1.0 percent and benefit costs increased 0.8 percent from September 2022. (See chart 1 and tables A, 1, 2, and 3.) Compensation costs for civilian workers increased 5.1 percent for the 12-month period ending in December 2022 and increased 4.0 percent in December 2021.

What is the wage growth in the jobs report? ›

Three-month average wage growth was 4.1 percent annualized at the end of 2022, substantially lower than the 6.1 percentage average at the end of 2021. Year-over-year, nominal wage growth declined to 4.6 percent, the lowest yearly rate since August 2021.

What is the BLS escalation rate for 2022? ›

U.S. Bureau of Labor Statistics Home

Compensation costs increased 1.0 percent for civilian workers, seasonally adjusted, from September 2022 to December 2022. Over the year, total compensation rose 5.1 percent, wages and salaries rose 5.1 percent, and benefit costs rose 4.9 percent.

What did bls jobs report in january 2022? ›

Employment up by 467,000 in January 2022, down by 2.9 million since February 2020. Total nonfarm payroll employment increased by 467,000 in January 2022. Employment growth continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing.

What is the wage growth rate? ›

From December 2021 to December 2022, real average hourly earnings decreased 1.1 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 2.0-percent decrease in real average weekly earnings over this period.

What is the average salary in the US 2022? ›

Median weekly earnings of full-time workers were $1,085 in the fourth quarter of 2022. Women had median weekly earnings of $975, or 82.9 percent of the $1,176 median for men.

What is a good salary increase rate? ›

The average pay raise is 3%. A good pay raise ranges from 4.5% to 5%, and anything more than that is considered exceptional.

What is the average US salary? ›

According to the U.S. Bureau of Labor Statistics (BLS), the median weekly income (including overtime, commission and tips) for full-time workers (excluding those who are self-employed) in America was $1,041 as of the second quarter of 2022. If that rate persists for the entire year, that would equal $54,132 a year.

How do you calculate wage growth? ›

If you know the raise percentage and want to determine the new salary amount:
  1. Convert the percentage into decimal form.
  2. Multiply the old salary by this value.
  3. Add this new value to the old salary.
Dec 11, 2022

How accurate is BLS salary data? ›

A reliability of 90 percent means that 90 percent of the measured wage variation among areas is due to real wage differences among areas rather than sampling variation.

What is the inflation index for salaries? ›

Latest index

The national average wage index for 2021 is 60,575.07. The index is 8.89 percent higher than the index for 2020.

Is BLS wage data accurate? ›

Gold-standard data: BLS data are accurate, objective, relevant, timely, and accessible.

Is employment increasing or decreasing? ›

Total nonfarm payroll employment increased by 223,000 in December and the unemployment rate edged down to 3.5%, the U.S. Bureau of Labor Statistics reported today. Notable job gains still occurred in leisure and hospitality, health care, construction, and social assistance. State unemployment rates can be found here.

What did the BLS jobs report in march 2022? ›

Total nonfarm payroll employment rose by 431,000 in March, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing.

What was the jobs report for December? ›

Today, the Bureau of Labor Statistics reported that the American economy added 223,000 jobs in the month of December, and the unemployment rate fell to a historically low 3.5 percent while more people entered the workforce.

How much is a 3% raise per year? ›

Using our formula, a 3 percent raise would look like this: $52,000 X . 03 = $1,560 raise over the course of the year. This brings your employee's total salary to $53,560.

How much salary increase per year? ›

The average annual pay raise was about 4.6% in 2022. Pay raises are smaller in normal years, usually around 3%. Many factors influence whether you'll see a pay raise in 2022. Collect data on what your compensation should be and what you're doing to warrant a higher pay rate to help you in your pay raise negotiations.

Is wage growth slowing? ›

In December, total nonfarm payroll employment increased by 223,000, and the unemployment rate ticked down to 3.5%, back to its lowest point before the pandemic. However, in a positive sign for inflation, wage growth slowed to a 4.6% year-over-year gain, the slowest pace since August 2021.

What salary is considered upper class? ›

In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.

What is considered upper middle class? ›

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range.

What income is middle class? ›

Pew defines “middle class” as those earning between two-thirds and twice the median American household income, which in 2021 was $70,784, according to the United States Census Bureau. That means American households earning as little as $47,189 and up to $141,568 are technically in the middle class.

What is a normal cost of living raise? ›

A cost-of-living raise can help you afford increasing expenses due to inflation, but not all employers offer these raises automatically. For years, 2-3% has been the norm, but some employers say they're boosting that to 4%, given the current economic climate.

How much should your salary increase over 10 years? ›

Over the past decade, the average annual salary increase has hovered between 3 to 5 percent. That said, it's important to note that a variety of factors can impact those annual raise amounts, ranging from occupation and industry to whether that raise is given as part of a promotion, or a new role or title.

What is a comfortable US salary? ›

Some people can live comfortably on $60,000 a year. Others might struggle to get by on a salary of $150,000 (which, to be fair, isn't always a lot of money in major metro areas, especially for those with dependents).

How many US citizens make 100k a year? ›

To find out more about how many people make over 100k per year, we've gathered essential facts and data. According to our extensive research: 18% of individual Americans make over $100k per year. 34.4% of US households make over $100k per year.

What is the top 5% income in the US? ›

Top 5% income

You'll start to see dramatic shifts in the top 5%, where the EPI found the average earners significantly increased to $343,000 in 2020, up from $324,000 the year before.

How do I calculate a 5% increase in salary? ›

An employee's current annual salary is $50,000, and she earns a $2,500 raise, her annual salary will increase to $52,500. Divide $2,500 by $50,000 and the result is 0.05, which is 5 percent (2,500/50,000 = 0.05). To double check your math, multiply $50,000 by 1.05, and the result is $52,500 (50,000 x 1.05 = 52,500).

What is a 3 raise on $20 an hour? ›

What is a 3% raise of 20? 03*20=0.6, or 60 cents. Adding that to your current wage gives you $20.60. So, with a 3% pay increase, you now make $20.60 per hour.

How much is a 2% raise? ›

A 2-dollar raise is $346.67 a month, assuming you work 40 hours a week and it is an average length month.

Where can I get the most accurate salary data? ›

The best salary research sites are Glassdoor, SalaryExpert,, Indeed, and the Bureau of Labor Statistics (BLS).

Do you have to answer BLS survey? ›

Nearly all of our surveys are voluntary, which means the individuals, households, and organizations selected for our survey samples can choose whether to participate.

How do I check my salary benchmark? ›

There are three major steps in the salary benchmarking process: building a salary base, analyzing employee compensation rates, and establishing pay ranges. Before you can start the process of analysis, you need to establish two important factors.

What is a good raise percentage 2022? ›

The data does indicate that the peak could be in for the level of pay raises at many companies. In 2022, the compensation firm found that total increases were over 4% for two-thirds of survey participants as compared to this year's median, or 50th percentile, at 4%.

How much should salary increase per year with inflation? ›

Standard Cost of Living Raises and Inflation

For years, the standard cost-of-living raise has hovered between 2% and 3%, according to the Bureau of Labor Statistics.

Are salaries increasing due to inflation? ›

Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they're not keeping up with inflation. Wage growth has been consistent with an inflation rate of about 4.5%.

Are PayScale salaries accurate? ›

PayScale provides accurate, real-time salary data and your company is not required to participate in a lengthy salary survey to get affordable compensation data.

How do you determine if a salary survey is reputable? ›

Sponsor reputation. Most surveys are conducted by a third party. If that third party is an organization with a good reputation, such as a well-known name in your industry or a well-established survey company, that is a good sign.

Is indeed salary accurate? ›

When a job posting doesn't include a salary, we estimate it by looking at data for similar jobs. Estimated salaries are not endorsed by the companies offering those positions and may vary from actual salaries.

Has the number of jobs increased? ›

Payroll employment rose by 4.5 million in 2022 (an average monthly gain of 375,000), less than the increase of 6.7 million in 2021 (an average monthly gain of 562,000). (See table B-1.)

Which US state has the highest unemployment rate? ›

In December 2022, Illinois and Nevada had the highest unemployment rates of any state in the United States. The unemployment rate in Nevada was 5.2, and 4.7 in Illinois. The District of Columbia also had an unemployment rate of 4.7 percent during the same time period.

What is the employment outlook for 2022? ›

Total employment in the U.S. economy is projected to grow by 15.6 million during the 2012–2022 decade to reach 161 million; this represents a 10.8-percent employment increase.

What was the labor force in 2022? ›

The U.S. labor force is projected to reach 163.5 million in 2022. (See table 1.) The labor force is anticipated to grow by 8.5 million, an annual growth rate of 0.5 percent, over the 2012–2022 period.

What was the inflation report for June 2022? ›

Compared to the previous month, the CPI edged 0.1% lower, the first decline since May of 2020, and beating forecasts of a flat reading. Inflation seems to have peaked at 9.1% in June of 2022 but it still remains more than three times above the Fed's 2% target.

What time did the jobs report come out? ›

The Bureau of Labor Statistics publishes the jobs report at 8:30 a.m. eastern time on the third Friday after the collection week. It then releases the data to the public on the first Friday of every month. It also releases CES and CPS data every month.

What day does the jobs report come out? ›

* The Employment Situation report is typically released on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month.

What is the labor participation rate for December 2022? ›

What was United States's Labour Force Participation Rate in Dec 2022? United States Labour Force Participation Rate dropped to 62.0 % in Dec 2022, compared with 62.1 % in the previous month. See the table below for more data.

Is there a labor shortage in 2022? ›

With 1.5 million more available jobs than available people, the Health Services industry is currently facing the largest labor shortage in the market today while industries such as Construction are seeing a near equal amount of available jobs to available people.

Is the labor force increasing? ›

Starting in 2013, the U.S. labor force participation rate held steady at around 63% until the COVID-19 pandemic struck. It was 62.1% as of November 2022. The rate varies over time based on social, demographic, and economic trends. Global labor force participation has shown a steady decline since 1990.

Has living wage gone up 2022? ›

Autumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023.

Are labor prices increasing? ›

Unit labor costs in the US nonfarm business sector increased 2.4% in the third quarter of 2022, below a preliminary estimate of 3.5% and market forecasts of 3.1%. It reflects a 3.2% increase in hourly compensation and a 0.8% increase in productivity. Year-on-year, labor costs were up 5.3%.

Which industries are struggling to hire? ›

A low supply of skilled laborers drives supply chain shortages. The industries with the most job openings during the labor shortage are the transportation industry, the health care and social assistance industries, and the accommodation and food industries, according to the U.S. Chamber of Commerce.

Which industry has the highest labor shortage? ›

The education and health services, professional and business services, trade, and leisure and hospitality sectors have the highest numbers of job openings.
  • Topics/
  • Workforce/
Jan 19, 2023

Is labor shortage getting better or worse? ›

Since then, job openings have steadily increased since January 2020, while unemployment has slowly declined. Overall, in 2022, employers ended up adding an unprecedented 4.5 million jobs. But at the same time, millions of Americans have been leaving the labor force since before the pandemic.

Why are employees dropping out of the labor force? ›

Shifts in retirement and the number of people taking care of family or the home appear to be behind the drop in labor force participation. These shifts also appear not to be limited to a certain age range for retirement or a certain gender for family or home care.

Why is the US in a labor shortage? ›

But If you're wondering why America's labor shortage persists nearly three years into the Covid pandemic, it's in part because America doesn't have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don't want to do.

Why is labor force declining? ›

In conclusion, Faberman and his coauthors deduce that people have an overall lower willingness to work (“desired work hours reduced the aggregate hours gap by 2.5 percentage points”) that has kept labor force participation down. The willingness to work also predates the pandemic.

What is a livable wage? ›

A Living Wage is:

The remuneration received for a standard workweek by a worker in a particular place sufficient to afford a decent standard of living for the worker and her or his family.

What is the pay rate at Mcdonald's? ›

McDonald's Corporation Jobs by Hourly Rate
Job TitleRangeAverage
Job Title:Restaurant ManagerRange:$10 - $16Average:$12
CashierRange:$8 - $12Average:$10
Fast Food WorkerRange:$8 - $14Average:$10
Crew LeaderRange:$9 - $13Average:$11
3 more rows

What is the real living wage now? ›

The Real Living Wage Foundation has today (22 September 2022) announced the new hourly rates for the Real Living Wage. Across the UK the rate will be £10.90, a £1.00 rise, and £11.95 in London, an uplift of 90p.

What is the projected salary increase for 2023? ›

Employers in the U.S. plan to boost salaries an average of 4.6 percent in 2023, up from 4.2 percent this year, according to a new study. Employers say inflationary pressures and the ongoing challenges of finding and keeping workers are the main reasons for the higher projected increases.

Where are wages rising the fastest? ›

New York has the highest average weekly wages, at $1,972; Mississippi has the lowest, at $879. In Mississippi, however, the typical worker saw their pay increase by $69 from 2021 to 2022, ranking the Southern U.S. state in the upper half of wage growth.


1. How to Catch Up if You're Behind on Retirement Savings
(Robert Wilson)
2. ReConnect Program: Funding Opportunity Introduction and Overview for 2022 (11/18/21)
(USDA Rural Development)
3. Was @DaveRamsey Right All Along About An Emergency Fund?!
(Sim Siya)
4. Découvrez Palantir avec Paul, Forward Deployed Software Engineer
(Welcome to the Jungle)
5. Carvana (CVNA) to Cut 1,500 Jobs as the Stock Tanks 98%
(Critical Charts)
6. NEW Visa CEO Is BULLISH On Crypto, Why You Should Be Too!
(Crypto Elite)
Top Articles
Latest Posts
Article information

Author: Fr. Dewey Fisher

Last Updated: 12/02/2022

Views: 6564

Rating: 4.1 / 5 (62 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Fr. Dewey Fisher

Birthday: 1993-03-26

Address: 917 Hyun Views, Rogahnmouth, KY 91013-8827

Phone: +5938540192553

Job: Administration Developer

Hobby: Embroidery, Horseback riding, Juggling, Urban exploration, Skiing, Cycling, Handball

Introduction: My name is Fr. Dewey Fisher, I am a powerful, open, faithful, combative, spotless, faithful, fair person who loves writing and wants to share my knowledge and understanding with you.