average wages and benefits, full-time hours, and stable employment. A relatively new data source, the Quarterly Workforce Indicators, reveals that new hires in manufacturing sectors earn more than new hires in other industries. Key points include a notable premium for new hires in manufacturing (38 percent) at the end of 2011. Additionally, new hires in manufacturing make approximately 70 percent of incumbent worker earnings compared to new hires in other industries that average only 60 percent of incumbents. Since the recession began, new hires and incumbents in manufacturing have had real earnings grow 3.5 and 2.4 percent points. New hires in other industries saw no growth in earnings while incumbents actually have seen a decline in real earnings during the study time period 2000-2011.
indicate a higher skill and/or education level of the new hires joining the manufacturing workforce. This reflects the industry’s need for multi-skilled technicians to operate and maintain the increasingly sophisticated automated machinery that is being added to most manufacturing facilities across the country. This is certainly the direction we see with our manufacturing partners in Florida who are looking for more skilled and educated workers to grow their workforce.
The State of Florida has the third largest population in country, with an official 2020 estimate of 21.5 million persons and approximately 58% of the population is in the civilian labor force (12,600,000).