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Trends in foundry employment, hours and pay reported.

The following charts and graphs show employment in thousands of workers, hours worked and hourly earnings for the major SIC codes in the metalcasting industry, as reported by the Bureau of Labor Statistics for the past 10 years.

Except for the upward change in employment from 1983-84 and from 1987-88, the employment trend in our industry has been steadily downward, as shown in the graph on foundry industry TABULAR DATA OMITTED employment history.

However, foundry pay has risen continuously over the last 10 years, as shown in the graph on foundry industry pay history. It appears from the government figures that pay increases have been stronger the past couple of years than they had been in the late 1980s.

However, the AFS annual industry wage survey and the AFS bimonthly reports on labor agreement settlements in the foundry industry continue to show that wages in the 1990s have not risen at a greater rate than in the late 1980s.

Hours worked tended to be up in the mid-80s in ferrous foundries, dropped in the late 1980s and then rose again in 1992, according to the graph on foundry industry hours history. Hours worked in nonferrous foundries remained steady through the mid-1980s, decreased in the late 1980s and have been rising since 1990.
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Author:Ulbert, Charles A.
Publication:Modern Casting
Date:Aug 1, 1993
Words:212
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