Labor Market Research

Essay by wward5College, UndergraduateA+, September 2008

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Labor Market Research � PAGE \* MERGEFORMAT �4�

Labor Market Research

William Ward

Axia College of University of Phoenix

ECO 205

Lydia Portee

July 13, 2008



In this paper, I will discuss the labor market for nurses in the state of Georgia. I will use the U.S. Department of Labor Bureau's Bureau of Labor Statistics website for most of my statistical information. While conducting my research on how nurse wages are calculated in Georgia, I came across several factors that contribute to the total wage. First, a nurse's education; the more education a nurse has, the more one makes. Second, a nurses tenure; a nurse that has been in service longer will stand to make more than someone who is just starting out. Third, if a nurse specializes in a particular field; for example, works for hospital, surgeon, hospice, etc will determine if a nurse will make more or less.

I found that most nurses are paid by the hour and it really depends on where the individual is living within Georgia on how much that person will be paid. A registered nurse working Albany, GA will make about $23.57 an hour while a nurse working in Savannah, GA will make more at $29.66 an hour; however, on average a nurse in Georgia will make about $27.57 an hour (U.S. Bureau of Labor Statistics, 2007).

If a nurse specializes, they also make more money than those who work in general positions; this is due to education and sometimes tenure. A nurse that works at a nursing care facility in Georgia will make about $16.68 per hour; even though this industry has a high employment rate, it is a good way to get ones foot in the door. Of course, the hourly rate is different depending on...