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Stronger production wages spur growth in Iowa s economy

Stronger production wages spur growth in Iowa’s economy BY BUSINESS RECORD STAFF Thursday, June 3, 2021 10:48 AM Iowa’s economy grew in May behind strengthening wages in manufacturing production, according to a survey of supply chain managers released this week. Much of that growth was the result of increasing wages, said Ernie Goss, director of Creighton University’s Economic Forecasting Group and the Jack A. MacAllister Chair in Regional Economics. “According to the U.S. Bureau of Labor Statistics, average hourly wages for manufacturing production workers rose 7.3% over the last 12 months,” Goss said. “Wage gains were much healthier among nondurable goods producers than for durable goods manufacturers over the 12-month period.”

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