Climbing Back: Average Salary of Jobs in Manufacturing
By Staff Writer
If you ask most people to name an industry that really suffered during our recent recession, you’re likely to hear “manufacturing.” According to the Bureau of Labor Statistics, the unemployment rate in the manufacturing industry reached 12.5 percent in November of 2009 then climbed to 13 percent in January 2010. Fortunately, that percentage is slowly dropping and the number of job openings and new hires is growing right now.
If you’re an employer in the manufacturing industry, you may be wondering how hourly rates and salaries have changed in response to the industry’s struggles. Can you pay employees significantly less than a year or two ago? What are your competitors paying? According to the BLS, average hourly earnings are slowly growing and mass layoffs are way down. So, it sounds like the job market is gaining some energy again.
Since PayScale continuously collects salary data in real time, let’s take a look at some average salaries of jobs in manufacturing in various locations, company size and more.
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