2022 retired military pay chart 2022 retired military pay chart

Hi! 2022), Hardship Duty Pay - Location (Posted Jul.. 2022), Armed Forces Health Professions Stipend and Financial Assistance Program Grant (Posted May 2022), Senior ROTC Monthly Subsistence Allowance (Posted Dec. 2018). It also established a $15 minimum wage for covered service and construction contracts. Enter your information to join our mailing list. 2022 Active Duty Enlisted Basic Military Pay Chart Monthly basic pay amounts are rounded to the nearest U.S. dollar and are for the active components of the Navy, Marine Corps, Army, Air Force, Space Force, and Coast Guard. Enlisted pay grades range from E-1 through E-9 ("E" represents Enlisted). Next up, the Senate. Military retirement pay is paid on the 1st of the month, unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) MORE: Military Homebuyers Can Buy With $0 Down. S.1147 - Retired Pay Restoration Act 117th Congress (2021-2022) Also, be sure to know your military pay dates. The content on The Military Wallet is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on The Military Wallet should not be attributed to the Dept. [(fvZt2g(QB2P E~{wJz\_AB!8wsA! If you have retired or separated from the military, you likely know about, VA Updates Funding Fee Rules For Disabled Veterans The Department of Veterans Affairs has issued new guidance on VA loan funding fees and their exemption for disabled veterans. PAY ARCHIVE: 2014-2021; MILITARY RETIREMENT; VETERAN BUSINESSES; GI BILL FACTS; NEW GI BILL (post 9/11) MONTGOMERY GI BILL; DEPENDENTS EDUCATION; JOHN FRY SCHOLARSHIP . of Defense or any governmental entity. The military pay charts linked below apply to active members of the Navy, Marine Corps, Army, Air Force, Coast Guard and. Here is the link to the PDF: 2023 Retired Military Pay Dates List, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates List, Here is the link to the PDF: 2023 Retired Military Pay Dates Calendar Black and White, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates Calendar Black and White, Here is the link to the PDF: 2023 Retired Military Pay Dates Calendar Color, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates Calendar Color. By clicking Get Discounts you agree to our Privacy Policy. Comment * document.getElementById("comment").setAttribute( "id", "a51dcf65a4c079b6a4155b1d20dd6999" );document.getElementById("ef5eefa35b").setAttribute( "id", "comment" ); Notify me of follow-up comments by email. NOTE 2. 2022 VA Disability Pay Chart and Compensation Rates: Cost-of-Living All Rights Reserved.Site development by Olive & Ivy Design. The pay charts above do not include allowances likeBAH (basic allowance for housing),BAS (basic allowance for subsistence)or other incentives. For 2022, the raise was 5.9%, which followed an average 1.5% increase over the 10 years prior. 2022 Military Pay Charts The ECI is a measure of the changes in pay versus living costs. sk(:Wdl M]l;>FY^Y_.`B7X-e+]lr-Rx L In 2022, figures point to at least a 6% increase, meaning military retirees could be watching their monthly checks go up from $100 to $200 more. The highest possible payment from SSIA in 2022 is $346. Its important to note that many banks and credit unions offer early crediting of military retirement pay as a benefit to their customers (and to entice folks to bank with them!) Information from your device can be used to personalize your ad experience. Military members received a 2.7% pay increase in 2022, according to the National Defense Authorization Act. Almost all of the general schedule positions are paid out with a variety of pay for each degree of work. MORE: Check your VA home loan eligibility with todays top lenders, Basic pay is the primary means of compensating members of the armed forces for their service to the country. RELATED: 3 Reasons Military Pay Increases in 2022. 9/22/2021 City of Milwaukee Department of Employee Relations COMPUTATION METHOD OF "CITY SHARE" CHART . (\ps+vX25\\ehX. ynA8[MI3.@,z"W/Ch } zU Cul0KciUlQAg*nsY$GEO='* Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. The modifications to the original House bill, which was passed on September 23rd, did not change the military's projected pay raise for 2022 of 2.7 percent. This Single Close Loan gets you from construction to occupancy with one mortgage in a streamlined process. On October 28, 2022 at 0830EDT, the United States Bureau of Labor Statistics released Employment Cost Index (ECI). The 2023 military retiree pay raise was decided in October 2022 and is looking to help Veterans overcome harsh inflation. You can find additional information on these topics at the. On December 15, 2021, by a vote of 89 to 10, the Senate passed their version of the 2022 National Defense Authorization Act. The content offered on Veteran.com is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. Military retirees to get biggest pay increase in nearly 40 years Please try again. The proposal includes, as expected, a 2.7 percent increase for military basic pay. */
. Retired military personnel of 66 or 67 year, will get Social Security benefits of $2,972, which is currently only $2,734. How Much Will Retired Military Pay Increase in 2022? Attention Veterans! Here's Your 2023 Military Retiree Pay Raise Retirement Cost of Living Adjustments - U.S. Department of Defense Legislature additionally has actually passed the National Defense Authorization Act of their variation on July 21, 2020. Dfas 2021 Retired Pay Chart February 9, 2022 by Military Pay Chary Basic Military Pay Chart Military Pay Chart 2020 2020 Military Pay Chart for Basic Duty Enlisted (less than 2 to over 40 years) 2020 Military Pay Chart for Active Duty Officer (less than 2 to over 40 years) Military Pay Chart 2021 The newly revised bill should help the Senate with the passage of their own version, and ultimately allow both chambers to reconcile any further differences in a relatively quick fashion. How Big Is the Retired Military Pay Raise in 2022? References to third-party products, rates and offers may change without notice. Retired Military Pay Raise 2022. On December 7, 2021, the House of Representatives passed a compromise version of the National Defense Authorization Act for Fiscal Year 2022 by a vote of 363 to 70. The final pay raise is in line with President Joe Biden's budget proposal and the Employment Cost Index (ECI) formula of 2.7%. I may receive compensation through affiliate or advertising relationships from products mentioned on this site. It is not the bank advertisers responsibility to ensure all posts and/or questions are answered. The law requires the VA to raise disability payments by the same amount, and the military generally provides an equal raise in military retirement pay. Personnel Force InnovationFreedom of Information ActDFAS HotlineContact Us Accessibility / Section 508EEO / No Fear Act, An official website of the United States government, Providing payment services for the U.S. Department of Defense, 2021Military Active & Reserve Component Pay Tables, Commissioned Officers Credited With Over 4 Years of Active Duty Enlisted and/or Warrant Officer Service, Civilian Clothing Allowances - Officer & Enlisted, Special Initial Clothing Allowances - Navy, Special Initial Clothing Allowances - Air Force/Space Force, Supplemental Clothing Allowances - Air Force/Space Force, Supplemental Clothing Allowances - Marine Corps, Hazardous Duty Incentive Pay (HDIP) for Flying, Maximum Officer Aviation Incentive Pay Rates, Monthly Army Officer Aviation Incentive Pay Rates, Monthly Navy Officer Aviation Incentive Pay Rates, Monthly Navy Aviation Incentive Pay Rates for Officers in Administrative Milestone Billets, Monthly Air Force Aviation Incentive Pay Rates, Monthly Marine Corps Officer Aviation Incentive Pay Rates, Monthly Critical Skill Incentive Pay Rates for Air Force Enlisted Flyers, FICA Percentages, Maximum Taxable Wages, and Maximum Tax, Hazardous Duty Incentive Pay (HDIP) Ratesother than aerial flights, Critically Short Wartime Accession Bonus (CSWAB), Dental Corps Incentive Pay/Retention Bonus, Medical Corps Incentive Pay/Retention Bonus, Nurse Corps Incentive Pay/Retention Bonus, Dental Corps RC Accession Bonus/ Retention Bonus, Medical Corps RC Accession Bonus/Retention Bonus, Nurse Corps Reserve Component Accession Bonus & Retention Bonus, SpecialtiesReserve Component Accession Bonus & Retention Bonus, Senior ROTC Monthly Subsistence Allowance, Designated Direct Support Areas of a Combat Zone (CZ), States/Territories withholding agreements with the Treasury Department, Family Servicemember's Group Life Insurance, TSP Options for Active Duty Army, Navy, Air Force & Space Force, TSP Option for Army, Navy & Air Force Reserve, National Guard, 2023 Military Active & Reserve Component Pay Tables, 2022 Military Active & Reserve Component Pay Tables, Armed Forces Health Professions Stipend and Financial Assistance Program Grant, Hosted by Defense Media Activity - WEB.mil. 2022 Military Pay Chart - The General Schedule (GS) pays a base salary and overtime pay to federal workers. 2021 Military Pay Chart 3.0% (All Pay Grades) - navycs.com hbbd```b`` "HF~H#dq /=LK }6l:"$c"h#F, ) 1009..", and ensures the statutory raise of 2.7 percent with an effective date of January 1, 2022. The 2022 military pay charts reflect a 2.7% increase in military basic pay. The bill allows for the 4.6 percent military pay raise proposed by President Biden on March 28th. He is now a full-time dad, freelance writer, and out-of-work comedian. His career has expanded two decades and has three deployments. On June 30th, the House Appropriations Committee approved the fiscal year 2022 Military Construction, Veterans Affairs, and Related Agenciesbill, which includes a 2.7% pay raise for service members. Having a constant paycheck with a bonus offer that without . Driven by inflationary pressures, the Department of Defense on Friday announced a 5.9% increase cost-of-living pay increase for most military retirees . The 2022 military pay charts reflect a 2.7% increase in military basic pay. E pay scale is Enlisted, W scale is Warrant Officer, O scale is Commissioned Officer. Your basic monthly rate is where your dependent status and disability rating meet. Justin Fisher is a currently serving with the Arkansas Army National Guard. 203-205, 1, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }
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We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. %%EOF How to use the High-3 military retirement calculator. If you have questions about Veteran programs offered through or by the Dept. The increase is in-line with U.S.C. 2022 2022 RETIREE RATE CHARTS.xlsx\RC_8_DDGC_Post12-31-90. Your Military Familys Everything-You-Need Binder. There was an error submitting your subscription. As the official healthcare program of the U.S. DoD, TRICARE coverage is accepted by, All the Military Mascots in the U.S. Armed Forces, Were all familiar with Mr. Met, Benny the Bull, and Rocky the Mountain Lion, but did you know, When a new year comes around, the cost of living adjustments (COLA) come with it. Departments of Defense or Veterans Affairs. By clicking Get Discounts you agree to our Privacy Policy. October 14, 2022. The pay increases went go into effect on Jan. 1, 2022 and service members received their first increased paychecks on Jan. 14, 2022. FREE Weekly Updates! 2021 Military Pay Grade Chart for Active Duty Officer (less than 2 to over 40 years) 2021 Pay Scale For Retired Military - A military member that serves on basic task as well as active service is entitled to get an allowance, services, as well as benefits as organized by regulation. Military retirement (United States) - Wikipedia PDF FY22 NDAA 2.7% increase M O N T H L Y B A S I C P A Y T A B - DFAS Home The 2.7 percent pay raise is effective January 1, 2022. However, this can also serve as a guideline and the White House or Congress can propose another figure. Editorial Disclosure: Editorial content on The Military Wallet may include opinions. 2022 Military Active & Reserve Component Pay Tables (PDF - Posted Dec. 2021) 2021 Military Active & Reserve Component Pay Tables (PDF - Posted Jan, 2021) Basic Pay Rates: Commissioned Officers (Posted Jan. 2023) Commissioned Officers Credited With Over 4 Years of Active Duty Enlisted and/or Warrant Officer Service (Posted Jan. 2023) The basic retirement formula is: Retired Pay Base X Multiplier % Final Pay Plan The retired pay base for a qualified reserve retirement under the Final Pay plan is the monthly basic. And this years retired military pay raise in 2022 is the, biggest raise Veterans have seen in decades, , amounting to a 5.9% increase. 2022 pay chart 2022 drill pay Based on four drills, equal to a typical "drill weekend", the basic pay amounts are rounded to the nearest U.S. dollar and are for the Reserve and Guard components of the Navy, Marines, Army, Air Force, Space Force, and Coast Guard. 2023 Military Pay Charts - Military Benefits Below are the 2023 pay charts for enlisted service members in every branch of the U.S. military. If you have questions about Veteran programs offered through or by the Dept. of Defense or any governmental entity. Having a constant income with a reward that without tax . Advertising Notice: Veteran.com and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on Veteran.com; For any rankings or lists on this site, Veteran.com may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. 2022 Military Pay Chart - GS Pay Scale 2022/2023 This year, Im offering three ways to print these: click on the PDF or Microsoft Word link after the image, or click on the image to make it larger, then right-click to save it to your own computer. According to law defined in U.S.C. 8p0!e AB& #? iHSPqac@qUQl@,e`ztuI,4\TT@ Ph Advertising Notice: Veteran.com and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on Veteran.com; For any rankings or lists on this site, Veteran.com may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. As of Feb 24, 2023, the average annual pay for a Retired Military in the United States is $53,700 a year. They do not account for non-taxable allowances such as BAS or BAH. At that rate, this years raise amounts to a handful of annual raises all at once. Team Rubicon unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams. You can bookmark this page and return to it whenever you want, or I have created three types of calendars: a list, a black and white calendar, and a color calendar. With a dependent spouse or parent, but no children. Departments of Defense or Veterans Affairs. 1443 0 obj <>/Filter/FlateDecode/ID[<0F56F9525ED6C34A85AC9582691A29D6><06D677F402F1C34EB54CD44097218A9A>]/Index[1431 25]/Info 1430 0 R/Length 70/Prev 32061/Root 1432 0 R/Size 1456/Type/XRef/W[1 2 1]>>stream PDF MONTHLY BASIC PAY EFFECTIVE 1 JANUARY 2022 - U.S. Department of Defense If your financial institution offers early crediting, this pay calendar will still be helpful, but youll see your deposit one or two business days before the payday listed here. The final pay method sets the retired base pay. mZ1%e \pYY.+Nv[Lv[Lv[ezt[eQ.rzh0:En_V;EhF.2VA"ku~4&cwKt*AV:y(4R H:gBxnYl`n3*gp/,r5g Take a look at the 2022 military pay charts below. Under federal law, the ECI number is used in setting the proposed pay changes for the military. 2022 VA Disability Pay Chart and Compensation Rates: Cost-of-Living Adjustment July 10, 2021 Updated: February 23, 2023 The cost-of-living adjustment (COLA) for 2022 is 5.9 percent, according to a recent announcement by the Social Security Administration . The content on Veteran.com is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on Veteran.com should not be attributed to the Dept. How Big Is the Retired Military Pay Raise in 2022? - MyBaseGuide 2022 Kate Horrell and Kings High Media. Across the board, retired and disabled Veterans will be getting a 5.9% retired military pay raise. The ECI (US Employment Cost Index) determines the pay raise each year. 2024 Military Pay Chart 5.2% (All Pay Grades) - navycs.com %PDF-1.6 % Editor's Note: This story was updated Sept. 23, 2022, after new estimates for the upcoming disability and military retirement compensation were released by The Senior Citizens League, which showed slightly lower projected increases. 2021 Military Pay Grade Chart for Active Duty Officer (less than 2 to over 40 years) Retired Military Pay Chart 2021 - A military participant that serves on basic duty and active service is entitled to obtain an allowance, services, and also advantages as arranged by regulation. 2023 Military Retirement Pay COLA - 8.7% Increase - The Military Wallet Title 37, Chapter 19, 1009. Effective December 1, 2022. Survivors of retired military personnel will also see the Survivors Benefit Plan increase 5.9%. Hn1FHy):$H "QC@Ehy|fw-bd3x\?t{Lzh))+pcGzezpyq?tp;M7Unx5^ew];7O\i|MXMY9gA)Ja1|`_n*51g88#e$/'x3QG+Qq' W3 Not only is a pay raise coming for military retirees, but its also the biggest increase in pay since 1982. Military members received a 2.7% pay increase in 2022, according to the National Defense Authorization Act. Except during periods of unauthorized absence, excess leave, and confinement after an enlistment has expired, every member is entitled to basic pay while on active duty. (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member's highest 36 months of basic pay. of Veterans Affairs , the Dept. According to federal law, military pay increases are tied to the Employment Cost Index (ECI). 2022 Military Pay Charts - Veteran.com - Military Benefits The first COLA adjustment after retirement is calculated under a formula different than that above, if the member retires between January 1st and September 31st. Military Pay and Pensions | USAGov Allowances are the second largest component and there can be other monetary compensation such as special and incentive payments. The pay tables on this page show military basic pay for all branches as of January 1st 2023. . The senate of the United States has passed its 2021 National Defense Authorization Act proposition on, July 23, 2020. Some who filed pre-discharge claims with the VA found themselves in a gray area where VA loan funding fees are concerned, as. Plus college stuff, landlording, moving, taxes. All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. 2019), Duration of Authority(Posted Jan. 2023), Department of DefenseDepartment of Veterans AffairsMilitary Employment VerificationWarrior Care WebsiteDefense Contract Mgmt Agency DoD Forms Level II of the Executive Schedule limits military basic pay for pay grades O-7 to O-10 to $17,675.10 per month. Military retirement pay is paid in arrears, meaning that the payment on the 1st of the month is for the previous months retirement pay. Increase of nearly 6% slated for Jan. 2022. Developed by NCCM Thomas Goering USN (RET). Here are the pay charts for enlisted members. Here are the 2021 military pay charts to see how they compare to 2022 pay. The President has the authority to specify an alternative pay adjustment that supersedes the automatic adjustment. Overall, though, if youre like most U.S. Veterans and their families, your military retirement pay raise will be a huge boon to the security of your financial future. MORE: Veterans Can Buy a Home with $0 Down. If a ranking or list has a company noted to be a partner the indicated company is a corporate affiliate of The Military Wallet. . I'm Kate! The full VA disability rates for 2022 can be found here. hb```^+ (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay. But not all veteran tax benefits are well known. HMkGko0[EBL"! Retirement - U.S. Department of Defense 1431 0 obj <> endobj Retired Military paydays are once a month. monthly basic pay effective 1 january 2022 Find the current 2023 military pay rates here. Combat Zone Tax Exclusion (CZTE)Information: Qualified Hazardous Duty Areas (Posted Mar. 2022 Military Active & Reserve Component Pay Tables (PDF - Posted Dec. 2021) 'k.r EV"Pd.r EV"PI\Cu%5Y>\Ce"5d"{"WPERWy E./ Here are the current military pay schedules: The following pay charts only include base military pay. Monthly basic pay amounts are rounded to the nearest U.S. dollar and are for the active components of the Navy, Marine Corps, Army, Air Force, Space Force, and Coast Guard. All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. This includes officers serving as chairman or vice-chairman of the Joint Chiefs of Staff, chief of staff of the Army, chief of naval operations, chief of staff of the Air Force, commandant of the Marine Corps, commandant of the Coast Guard, chief of the National Guard Bureau or commander of a unified or specified combatant command (as defined in 10 U.S.C. This builds on a 2021 pay increase of 3.0%. 2022 Pay Scale Officers, Prior Enlisted Officers, and Warrant Officers, 2022 Military Pay Chart: Officers and Warrant Officers with up to 10 Years of Service, 2022 Military Pay Chart: Officers and Warrant Officers with 12 to 26 Years of Service, 2022 Military Pay Chart: Officers and Warrant Officers with 28 to 40 Years of Service, Prior Enlisted Officer Pay Qualifications, 2022 Pay Scale: Enlisted Military Members, 2022 Military Pay Chart: Enlisted Members with up to 10 Years of Service, 2022 Military Pay Chart: Enlisted Members with 12 to 26 Years of Service, 2022 Military Pay Chart: Enlisted Members with 28 to 40 Years of Service, 2021 Drill Pay Charts National Guard & Reserve Pay, 2020 Drill Pay Charts (3.1% Raise) National Guard & Reserve Pay. Retired Military Salary ($53,700 - Mar 2023) ZipRecruiter Military basic pay for O-6 and below is limited by level V of the Executive Schedule (EX). On September 23, 2021, the House of Representatives passed their version of the National Defense Authorization Act for Fiscal Year 2022 by a vote of 316 to 113. of Veterans Affairs, please visit their website at va.gov. of Veterans Affairs , the Dept. Any Veteran who opted to retire under the REDUX system and who entered the military on August 1, 1986, or after, for instance, will see a 1% decrease in their total COLA, as will some military retirees who left the service during 2021. Neither Veteran.com nor Three Creeks Media are associated with or endorsed by the U.S. This article may contain links from our advertisers. An average of $140 is going to increase from January 2023 for all retired military personnel, in 2023 the Social Security benefits is $1,681 which will be $1,827 from January 2023. Just in case you need a simple salary calculator, that works out to be approximately $25.82 an hour. The 2022 military pay charts reflect a 2.7% increase over 2021's pay and entitlements. 2023 Veterans Disability Compensation Rates - VA.gov Home | Veterans Military pay will increase 4.6% for 2023, compared to 2022 levels. Retired Military Retirement Pay Tables 2020 - Military Pay Chart 2021 Retired Military Pay Chart 2021 You might also be interested in the following high-value blog posts: It suggests military pay increases as much as 3.0 percent. Military Pay Charts and Military Retirement Calculators Military and Retiree Pay Problems Pension Benefits for Military Retirees The military has two retirement systems: The new Blended Retirement System (BRS) The legacy High-3 system Which plan you fall under depends on when you joined the military and whether you chose to opt-in to the BRS. Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military.These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be reactivated.The United States has maintained a military retirement program in one form . Military Retirement Pay Prior enlisted officers may be eligible for a higher pay rate based on time in service and other criteria. 0 See Department of Defense Financial Management Regulations (DoDFMR) for a more-detailed explanation on who is eligible for this special basic pay rate. Take a look at the 2022 military pay charts below. We cover a little bit of everything. COLA raises for Social Security benefits and certain other benefits are automatic. Advertising Notice: The Military Wallet and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on The Military Wallet; For any rankings or lists on this site, The Military Wallet may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. m%x^q.F^wy+ogz$9|_~,>_fmB*]STiW^rF-jl Ont/e. of Veterans Affairs, the Dept. The senate of the USA has passed its 2021 National Defense Authorization Act proposal on, July 23, 2020. Each calendar is available as a PDF or a Word document. endstream endobj 1435 0 obj <>stream My goal is to give you the tools to make the best decisions right now, so you'll be confidently prepared for whatever comes next - whether that's a PCS move, transition to civilian life, or retirement. Twenty years of active-duty military service is required to qualify for retirement from active duty. The content offered on The Military Wallet is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. Military Pay Charts 2022 [updated] - MyMilitaryBenefits Military basic pay depends on rank/pay grade and years of service. The 2022 military pay charts reflect a 2.7% increase in military basic pay. No tables, rankings or lists are fully comprehensive and do not include all companies or available products. Editorial Disclosure: Editorial content on Veteran.com may include opinions. You can also click on the image to make it larger, then save the image to your own computer. The Labor Departments Bureau of Labor Statistics puts out this figure each year. 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