Rising Incomes Cushion Economy: Finding highly skilled workers remains a long-term challenge for manufacturers — The 10th Annual Labor Day Report (PDF; 287 KB)
Source: National Association of Manufacturers
From press release:

During the past 12 months, some 95 million working Americans, representing 82 percent of the workforce, received real wage gains, according to the National Association of Manufacturers’ Annual Labor Day Report, and manufacturing workers led the pack earning 30 percent more than the average wage for the private sector workforce.

“This marks the broadest gain in real wages since 2000 when 95 percent of the workforce experienced real wage gains,” said NAM Chief Economist David Huether. “In fact, during the past 12 months only three industry sectors experienced declines in real wages – retail trade, transportation and warehousing, and utilities.”

Huether said the rise in real incomes “could not have come at a more opportune time. During the past few years, homeowners used rising home equity values to finance consumer purchases. Now, with housing prices on the decline, home equity borrowing has evaporated.”

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