Posted: June 15, 2021 26
Washington’s average annual wage grew by 10.1% in 2020 to $76,741, according to the state Employment Security Department representing the largest percentage increase in the average annual wage year over year on record.
The average annual wage is calculated only using wages from those in the workforce that are covered by unemployment insurance. The average weekly wage rose from $1,340 in 2019 to $1,475 in 2020.
The increase was driven by a 4.9% decrease in covered employment and a 4.7% increase in total earnings, which grew by nearly $10.9 billion in 2020. Overall, the average number of workers in Washington covered by unemployment insurance decreased by just over 164,161 workers in 2020.
Why Washington s annual wage increased in 2020
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Why Washington s annual wage increased in 2020
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