Collision repair production surged in May, surpassing previous records. Employment and hours worked both increased compared to April and May 2023. Total production hours reached a new high, though they have declined from peak levels seen in late 2022 and early 2023. While average weekly hours worked dipped slightly, wages for production employees rose compared to April but fell year-over-year. Despite overall employment growth, the number of women in the industry decreased somewhat.
Strong demand continues to drive the industry, but wage growth is moderating. While total employment, including management, climbed 5.2% year-over-year, average hourly earnings for production workers, while still up, have slowed compared to previous highs. The industry is grappling with balancing increased production demands with wage pressures.
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