A new report by PayScale reveals that the average salary for a full-time employee in the United States has jumped by nearly 25% over the last year, with average salaries for full-timers across the country rising by more than $1,400.
The pay report for PayScale, a pay-for-performance platform that tracks compensation for workers, finds that in 2016, the median hourly wage for full time employees in the U.S. stood at $27.20.
That’s up from the $27,170 average in 2015.
PayScale also found that in the same time period, the number of full- and part-time positions across the U, and in many industries, increased.
The average salary of a full time employee in 2017, for example, was $32,940.
However, the average annual wage for a part-timer fell by almost 12% between 2015 and 2017, from $30,400 to $29,920.
This was largely due to the decline in the number and size of part- and full-year jobs across all industries, the report says.
The study found that the median yearly salary for fulltime employees in 2017 was $30.40, which was down from $34,200 in 2015, and nearly $400 from $33,700 in 2014.
The median annual salary for part- or full-years was $24.40 in 2017 and $22.80 in 2018.
In 2018, full-term full-stack employees earned an average of $22,150, a 4% decrease from $23,450 in 2018, the highest year-over-year decrease in nearly 30 years.
Part-time workers, meanwhile, saw their annual pay rise by more $3,400 in 2017 to $26,500, a 6% increase over the previous year.
The report notes that the majority of full time jobs in the country have increased by 25% or more since 2015, with more than half of all full- time jobs, or about 2.5 million people, earning at least $50,000 a year in 2017.
PayScale also says that full-, part-, and seasonal workers have seen their pay increase by more 10% or 20%.
“The number of part time jobs has increased by a staggering 25% from 2015 to 2017, and half of these jobs have been in food service, healthcare, transportation, or retail,” PayScale writes.
“More than 3.5% of all workers in the retail industry have been working part time in the past year, up from 3.2% in 2015.”