On October 31st, millions of children across America will don costumes and head excitedly into the twilight in search of sweets. (According to the U.S. Census Bureau, there were 41.2 million 5-14 year olds in 2013).
Historically, manufacturing jobs have offered relatively high pay, good benefits, and job security. However, as the economy has changed, the manufacturing sector's reputation for offering higher-paying jobs has been called into question – but our research rebuts this criticism. In a new short report available on the Department of Commerce's Office of the Chief Economist's website, we use ten federal datasets to compare the average pay of manufacturing employees to the average pay of private sector employees and find that a pay premium still exists.
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About the Economics & Statistics Administration
The Economics and Statistics Administration (ESA) plays three key roles within the Department of Commerce (DOC). ESA provides timely economic analysis, disseminates national economic indicators, and oversees the U.S. Census Bureau (Census) and the Bureau of Economic Analysis (BEA). In this latter role, ESA works closely with the leadership at BEA and Census on high priority management, budget, employment, and risk management issues, integrating the work of these agencies with the priorities and requirements of the Department of Commerce and other government entities.