Industry Employment and Earnings
June 6, 2018
Quick links+
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% |
