NU Online News Service, Oct. 23, 2003, 1:22 p.m. EDT – The 211,000 women who worked full time selling insurance in the United States in 2002 earned 66.5% of what the 197,000 full-time male insurance sales people earned, according to the federal Bureau of Labor Statistics.
The median weekly wages for women in insurance sales was $580 per week, while the median for men was $872, meaning that half of all women in insurance sales earned more than $580 per week and that half of all men in insurance sales earned more than $872 per week.
The ratio of median female earnings to median male earnings was only 64.1% for full-time workers who sold securities and financial services, but the ratio was 75.3% for full-time workers in real estate sales.
The ratio for the 334,000 women and 133,000 men who worked full time in 2002 as insurance adjusters, examiners and investigators was 77.2%. The median weekly wage was $570 for women and $738 for men.
The female-to-male earnings ratio for all full-time female workers over age 16 was 78.1%, up from 66.6% in 1983.
The labor statistics bureau could not immediately provide figures for the earnings level of men and women who worked full time as insurance sales people and as insurance examiners and adjusters back in 1983.
The bureau has posted its report on women’s earnings at http://www.bls.gov/cps/cpswom2002.pdf