Annual Labor Day report indicates workers making solid gains
NAM report shows manufacturing workers gaining from year-to-year, and better than average members of the workforce.
During the past 12 months, 95 million working Americans — 82% of the workforce — received real wage gains, according to the National Association of Manufacturers ’ Annual Labor Day Report . Manufacturing workers led the way, earning 30% more than the average wage for the private sector workforce.
st year compared to the same period a year ago.“Private sector employment has grown by just 1.6 million over the past 12 months,” Huether said. “This is half a million fewer jobs than were created this time last year, and the slowest pace in nearly three years.”
“The challenge of finding qualified workers is not just a cyclical annoyance, but rather a serious long-term problem,” he said, adding that manufacturers ranked finding qualified workers second only to health care as a major concern. here .
Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our CFE Media editorial team and getting the recognition you and your company deserve. Click here to start this process.