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iStock(NEW YORK) -- Tech and health care industries dominated Glassdoor's annual breakdown of the highest-paying jobs and companies in the U.S. in 2019.

The top four highest-paying jobs on the list are all related to health care. While health care professionals earn the most according to the career website's top 25 highest-paying jobs, a majority of those high salaries were in the tech field.

The top five paying jobs based on median base salary according to Glassdoor's data are: Physician, pharmacy manager, dentist, pharmacist and enterprise architect. Next on the list are corporate counsel, software engineering manager, physician assistant, corporate controller and software development manager. Those annual salaries ranged from $193,415 to $122,585.

"Tech and health care roles continue to dominate, which isn’t a huge surprise, it's something we’ve seen in the past, but it is really intriguing to see that the four top paying roles are all in health care," Amanda Stansell, a senior economic research analyst at Glassdoor who led the study told ABC News.

"All of these roles require advanced education, so it's showing that these high-paying roles continue to be tied to higher skills and higher education," Stansell said.

While this ranking of the highest-paying jobs may not come as a big surprise too many, there were some unexpected contenders on the list of highest-paying companies for 2019.

Tech giants including Twitter, Google, Facebook and Microsoft were included as some of the highest-paying companies last year, proving the tech industry shows no signs of slowing down.

Some interesting trends this year included higher emphasis on and compensation for cybersecurity, according to Stansell, who noted that "information security engineer" is a title that "wasn't on our list last year."

"We’ve been hearing about companies having very high profile breaches and attacks," said Stansell. "Companies are definitely taking notice and willing to pay competitive salaries to get these people on board and help them protect their company's data," Stansell said.

Palo Alto Networks, a cybersecurity firm headquartered in Santa Clara, California, quietly topped this year's list of highest-paying companies with a median total salary of $170,929.

"Palo Alto Network is a security company that helps thousands of organizations prevent cyber breaches," Stansell said. "I think one of the reasons that they rose to the top of the list this year is that they need to offer very competitive salaries to hire the best talent possible," she said.

"While they aren't a name you hear every day on the news cycle like Google and Facebook, they have thousands of employees worldwide," she added.

Outside of the tech and health care spheres, a few consulting companies made appearances on the list as well as a few "biotech" companies, according to Stansell.

Going forward, Stansell said she doesn't predict health care and tech to be dethroned anytime soon.

"We continue, again and again, to see tech and health care roles rise to the top when we look at highest-paying jobs," she said. "For highest-paying companies we continue to see tech rise to the top."

Another pattern that emerged from this year's list was that a majority of the highest-paying companies were headquartered in the San Francisco Bay Area, but Stansell said most of them have offices and jobs all over the U.S. and they looked at base salaries nationally.

Copyright © 2019, ABC Radio. All rights reserved.

Author: Dana Schaeffer
Posted: September 18, 2019, 6:27 pm

traveler1116/iStock(WASHINGTON) -- The U.S. Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, which will directly affect people's mortgages, car payments and the economy in general.

"If you think about what the Fed does, it basically set the level of interest rates in the economy, when it lowers interest rates they hope that that makes it easier for people to borrow and makes it easier for people to spend money," David Wessel, a senior fellow in economic studies at the Brookings Institute and the director of the Hutchins Center on Fiscal and Monetary Policy, told ABC News Wednesday prior to the fed's afternoon announcement.

"Right now the economy seems to be in pretty good shape, but most of the Fed officials seem to be worried that it is slowing down too much, partly because of all the noise Trump is making about trade," he added. "So they want to give the economy a little more gas."

"One thing to watch [Wednesday] is, yes, they are going to cut interest rates by a quarter of a percentage point, but unless you are a zillionaire that's not going to make a big difference," Wessel said.

The impact this move will have, however, on everyday people is that "it means that it tends to get cheaper if you have a home equity loan, it tends to be cheaper to get a car loan."

It affects the bond market, according to Wessel, which means that mortgage rates come down.

However, it also means savers will likely see "less money on their market money funds."

"In short, lower rates help people and businesses who borrow and tend to hurt people who save," Wessel explained.

"The feds calculation here is that they want to help the borrowers a little more so borrowers will spend," he added. "So the economy will keep growing."

Infighting in the Fed

Another thing economists are keeping an eye on Wednesday is what Federal Reserve Chairman Jerome Powell will say during his afternoon news conference.

"There is actually quite a bit of disagreement in the Fed, there are some people who look over the horizon and say look manufacturing has been weak, business investment has been weaker than we thought, China is slowing down," Wessel said. "So as we look ahead we have to worry that some of our biggest customers are going to be buying less, so we have to offset that by cutting interest rates here."

"The other camp says, 'You guys are crazy, the economy is doing fine, and interests rates are low by historical standards,'" Wessel said. "So this is not the time to give the economy more gas, this is the time to sit and wait and see what happens."

An added complication to these disagreements is "all the pressure from President Trump to cut interest rates."

Today, "a lot of focus is going on what Fed Chair Jerome Powell says they are going to do for the rest of the year," and more specifically, "what they are going to do in the coming months and why."

"If you're not in the stock market and you're not in the bond market, you might not care about this stuff, but what happens in the bond market affects mortgage rates and what happens in the stock market affects how business heads feel and that can make them less likely to hire, less likely to invest," Wessel said.

"You know that everyone in the markets will be watching the body language carefully and listening to what led them to cut interest rates [Wednesday] and what they expect him to do in the future," Wessel said.

As for the current state of the economy, "we've never gone this long before without a recession," according to Wessel. "The economy has been growing every quarter since 2009."

The Fed's job today is to "turn the dials on the economy, the ones that they can control, in order to keep that going."

Copyright © 2019, ABC Radio. All rights reserved.

Author: CJC
Posted: September 18, 2019, 6:13 pm

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