Most manufacturers have increased wages to attract and retain workers, according to a new study by The Manufacturing Institute. Nearly 90% of respondents said they have increased compensation and incentives. Read the full report.
The average hourly earnings for production and non-supervisory U.S. manufacturing workers have climbed to $24.78. Despite higher wages in all industries, the U.S. labor force participation rate remains below pre-pandemic levels at 62.2%. 6/1/2022