The U.S. Commerce Department’s Economics and Statistics Administration (ESA) today released a new report entitled The Earnings of New Hires in Manufacturing , which confirms that manufacturing jobs created in recent years are indeed good jobs. U.S. Secretary of Commerce Penny Pritzker mentioned the report’s findings during a speech on the importance of American manufacturing at Walmart’s first-ever U.S. Manufacturing Summit in Orlando, Fla., earlier today.
The report found that new hires in manufacturing had 38 percent greater monthly earnings than new hires in other sectors at the end of 2011 (the latest data available). The monthly earnings premium for the manufacturing workforce as a whole, including both new hires and incumbents, was 25 percent. This earnings premium results from both greater hourly earnings and from more hours of work per month.
Source: U.S. Department of Commerce
