Earnings from manufacturing jobs in U.S continue to rise
Manufacturing on the rise in U.S.
Source: U.S. Department of Commerce, Economics and Statistics Adminstration
U.S. Department of Commerce reports manufacturing wages and employment continues to rise the U.S. The new study uses a relatively new data source, the Quarterly Workforce Indicators (QWI), to analyze the earnings of new hires relative to incumbent workers in both manufacturing and non-manufacturing.
They find that new hires in the manufacturing sector earn more than new hires in other industries and have done particularly well since the recession began.
Highlight from the study include:
- New hires in manufacturing enjoy an earnings premium relative to other new hires. T
- At the end of 2011, the ratio of new hire earnings to incumbent earnings was about 8 percentage points higher in manufacturing than in other industries.
- Over time, the earnings of new hires relative to incumbents have been consistently higher in manufacturing.
- Since the recession began, real average earnings for new hires in manufacturing grew 3.5 percent, while earnings of incumbents in manufacturing grew about 2.4 percent.
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