Collision Repair Industry Production Up Over 3% in September Compared to Last Year

The U.S. Department of Labor Bureau of Labor Statistics (BLS) data analysis reveals that year-to-date production in the collision repair industry has increased by over 9%. In September, the total industry employment rose by 6.9% compared to the same month in 2022, with production employment seeing a 6.6% increase year-over-year. However, the overall production for September, defined as the total average weekly hours multiplied by the number of production and non-supervisory workers, was 8.02 million hours, reflecting a 3.1% increase from September 2022. Notably, this figure was down 2% from the previous month and slightly below the record reported in April. The decline in September, both in production and non-supervisory employment and hours worked, marks a return to more typical pre-pandemic reduction in working hours during the second and third quarter.

Despite the month-on-month decrease, the production hours for the 12 months ending in September 2023 totaled 428.8 million hours, indicating a significant 9.8% increase from the same period in 2022. Preliminary data also indicates that wages for production employees in September were higher both on an hourly and weekly basis compared to August and September 2022. Average weekly wages for production employees reached $997.50, a 0.5% increase from August, and hourly wages hit a record $26.60, up 1.1% from the previous month. The study emphasizes the resilience of the collision repair industry despite fluctuations and highlights the increased employment of women in the sector, reaching a record 19.5% of total collision repair employment in September.

Read more: https://lnkd.in/eFjBGbGj

#collisionrepair #industrytrends #employmentdata #wageanalysis #workforcestatistics #economicimpact #autoservices #labordata #businessinsights #productionmetrics

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