|Credit: Chemical and Engineering News|
It's going to take a while to wade through all the data, but here are the important details (to me, anyway):
- Reported salaries were all down, with the exception of median B.S. chemist salaries.
- As we've known for a while, the unemployment rate of all respondents in March 2010 was 3.8%, which is 0.1% lower than 2009. That 2009 was a 20-year high for the ACS Salary Survey.
- The "U6-like" number for the ACS Salary Survey data (including part-time, post-doc and unemployed) is the highest in ten years, at 11.9%. Hanson notes the other side of this statistic, the lowest full-time employment of chemists since at least 2010. I'll note that I predicted a U6-like number at 12% way back in 2009. Good to know I'm only a year late.
- Unemployment is negatively correlated with education, with B.S. chemists at 5.1% unemployment and Ph.D. chemists at 3.2%. M.S. chemists (the legendary 'most employable') come in at 4.8%.
- The "ten year" rule still holds; among age cohorts, the 30-39 age group has the lowest unemployment at 2.5% and the 40-49 age group jumps to 3.6%. The bad news isn't over yet -- the 50-59 age group has the highest unemployment at 4.7%. This is lower than 2009's 5.0%, but not by much.
- I note that the "small company discount" is alive and well. Median Ph.D. salary for a company of 10 or fewer employees? $49,200. Median Ph.D. salary for a company of 11-20 employees? $86,200. That's close to a 50% discount. Wow.