On Nov. 1, 2016, Glassdoor.com, one of the fastest growing job sites in the market, launched a new data product that will provide wage insights on local markets and industries called “Local Pay Reports”. This new report covers real time wage trends among different industries and disciplines all over the U.S.
In its debut, the Local Pay Reports featured the rise of wages in the San Francisco – Bay Area metro, as well as the slow wage growth within the manufacturing sector. Here are a few excerpts from Glassdoor.com’s October Local Pay Report:
The October 2016 Local Pay Reports reveal median base pay rose 2.8 percent overall for the U.S to $51,404. Currently available in five metros, the Local Pay Reports show the fastest median salary growth was in San Francisco at 4.2 percent to $65,927 — well above the U.S. average of 2.8 percent. San Francisco is followed by healthy wage growth in Los Angeles (3.9 percent growth to $58,827 median base pay), New York City (3.9 percent, $60,365), Chicago (2.8 percent, $55,864). Houston’s wages are growing slowly, below the U.S. average at 1.6 percent to $54,462.
Overall, booming tech and professional services employment in the San Francisco Bay Area largely explains that metro’s rapid pay growth. Similar booms in tech and professional services are fueling pay growth in New York City and Los Angeles, as well as strong growth in some blue-collar fields. By contrast, the Houston metro has been adversely affected by falling oil prices this year, causing below-average wage growth.
For manufacturing, we see sluggish growth in median base pay for two core job titles: production manager and manufacturing engineer. For the U.S. overall, pay for these two roles grew by 0.9 percent and 1.0 percent, respectively. However, wages for both roles are declining year over year in Houston (-0.9 percent and -0.8 percent, respectively), and growing slowly in Los Angeles (2.3 percent and 2.4 percent, respectively). This slow manufacturing pay growth in Glassdoor data likely reflects the overall slowdown in U.S. manufacturing hiring in recent years.
At SoloPoint Solutions, we monitor these wage trends to see how it will affect the markets we serve. Currently, hiring for jobs within the manufacturing sector in Northern and Southern California has not slowed down. To see our manufacturing job openings or other engineering vacancies, visit our job board today!