Industry Employment and Earnings

June 2018

The United States average hourly earnings for all employees on private nonfarm payrolls rose by $0.08 to $26.92, or 0.3 percent, in May 2018 and increased by $0.71 or 2.7% from the previous year.

Average hourly earnings of private-sector production and nonsupervisory employees increased by $0.07 cents to $22.59 in May and increased by 2.8% from May 2017.

 It is important to note that even though many economists and analyst believe we are in a full employment economy, wages should be rising much faster.  According to several economist,  a wage rate closer to 3.5 percent and above is needed  to recover from the losses to labor share due to the Great Recession.  

 

AVERAGE HOURLY EARNINGS:

Industry

 May  2017

May 2018

% Change

All Total Private Sector

$26.21

$26.92

2.7%

All Private Sector Production and Nonsupervisory

$21.98

$22.59

2.8%

Manufacturing

$26.51

$26.90

1.5%

Production and Nonsupervisory –Manufacturing

$20.85

$21.41

2.9%

Transportation/Warehousing

$23.77

$24.30

2.2%

Production and Nonsupervisory-Transportation/Warehousing

$21.23

$21.79

2.6%

 

 EMPLOYMENT (In Thousands):

Industry

May 2017

May 2018

% Change

Total Private Sector

122,056

121,791

0.2%

All Private Sector Production and Nonsupervisory

102,186

104,064

1.8%

Manufacturing

12,414

12,673

2.1%

Production and Nonsupervisory-Manufacturing

8,705

8,902

2.2%

Transportation/Warehousing

5,153

5,309

3%

Production and Nonsupervisory-Transportation/Warehousing

4,472

4,611

3.1%

 

 

 

 

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