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Elkhart Among Top Cities for ’12 Wage Growth
Posted By RV Business On July 20, 2013 @ 11:26 am In Breaking News | No Comments
Elkhart, Ind., was among the Top 10 U.S. cities that enjoyed marked increases in wages in 2012 compared with the previous year, according to a report in USA Today.
The city was listed at No. 8 in the rankings as the average weekly wage in Elkhart rose $65 between December 2011 and December 2012, when pay climbed to $782 per week.
The Elkhart area was hit hard by the most recent economic downturn as demand for its key industry, RV manufacturing, plummeted. The unemployment rate hit a high of 20.2% in March 2009.
However, the area’s manufacturing base, which comprises nearly half of all the area’s jobs, has been making a significant comeback, growing employment 7.4% from December 2011 to December 2012. Some of the area’s RV plants have announced plans to continue hiring in 2013.
The report showed:
• 1-yr. wage growth: 9.1%.
• Average weekly wage: $782.
• Dec. 2011 unemployment: 10.9%.
• Dec. 2012 unemployment: 9.5%.
• 1-yr. employment change: +5.5%.
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