Pharmaceutical & medicine manufacturing

Industry Group

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    Workforce Population
    698k
    2024
    Average Employee Age
    43.2
    2024
    Estimated Job Growth
    5.42%
    10-Year Projection
    Average Salary
    $131,063
    2024
    Average Male Salary
    $137,463
    2024
    Average Female Salary
    $123,779
    2024

    About

    The top three occupations in the Pharmaceutical & medicine manufacturing Industry Group are other managers, other physical scientists, and miscellaneous production workers, including semiconductor processors. On average, full-time employees in the Pharmaceutical & medicine manufacturing Industry Group work 43.4 hours per week and have an average annual salary of $133,601. Part-time employees in the same industry work 20.4 hours and earn an average annual salary of $59,956.

    The locations with the highest concentration of employees in the Pharmaceutical & medicine manufacturing Industry Group are Somerset County (South) PUMA, NJ, Montgomery County (Northern Central)--Lansdale Borough PUMA, PA, and San Lorenzo, Juncos & Las Piedras PUMA, PR.

    The workforce of Pharmaceutical & medicine manufacturing Industry Group in 2024 was 697,666 people, with 46.8% woman, and 53.2% men.

    In 2024, 57% of the workforce in the Pharmaceutical & medicine manufacturing Industry Group was White (397,327 people), of which 44.9% were women and 55.1% men.

    Manufacturing

    Employment & Salaries

    A snapshot of workforce, wages, and opportunities in the Pharmaceutical & medicine manufacturing Industry Group.

    The workforce in Pharmaceutical & medicine manufacturing Industry Group was 697,666 people and is concentrated in California (85,808 workers). The average annual salary was $131,063, being $61,185 more than the national average salary, which was $69,878.

    Monthly Employment

    Start Year
    Y-Axis
    0.315%
    Year-over-year growth
    Employment change between February 2022 and February 2023

    As of February 2023, there are 159k people employed in the Pharmaceutical and Medicine Manufacturing industry. This represents a 0.315% increase in employment when compared to February 2022.

    This chart shows monthly employment numbers for Pharmaceutical and Medicine Manufacturing over time (non-seasonally adjusted).

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    Employment by Location

    The states that concentrated the largest workforce in 2024 were California (85.8k), New Jersey (76.7k), and Pennsylvania (64.1k).

    This map shows the states in the United States shaded by workforce for Pharmaceutical & medicine manufacturing Industry Group.

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    Yearly Wage Ranking

    In 2024, Pharmaceutical & medicine manufacturing Industry Group had an average annual wage of $131,063, $61,185 more than the average national salary of $69,878.

    The graph shows the position of Pharmaceutical & medicine manufacturing Industry Group in the ranking of industries by average annual wage.

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    Wage Distribution

    0.411
    WAGE GINI

    Pharmaceutical & medicine manufacturing has a wage GINI of 0.411, which is less than than the national average of 0.474. In other words, wages are distributed more evenly in Pharmaceutical & medicine manufacturing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

    The graphic shows the distribution of average salaries by buckets for Pharmaceutical & medicine manufacturing Industry Group workers compared to the entire workforce in the country.

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    Occupations

    A review of jobs and wages in the Pharmaceutical & medicine manufacturing Industry Group.

    Other managers are the most common position with 64,263 workers, but the Pharmaceutical & medicine manufacturing Industry Group employs a relatively high number of Other Physical Scientists and Miscellaneous production workers, including semiconductor processors.

    The highest average salary in Pharmaceutical & medicine manufacturing goes to Physicians.

    Occupations Distribution

    The graph shows the distribution of employees in the Pharmaceutical & medicine manufacturing Industry Group according to occupations. In 2024, the occupations that concentrated the largest number of employees in this industry were other managers (64,263 people), other physical scientists (44,176 people), and miscellaneous production workers, including semiconductor processors (43,321 people)

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    Wage by Sex in Common Jobs

    $137,463
    AVERAGE MALE SALARY
    ±$5,132
    $123,779
    AVERAGE FEMALE SALARY
    ±$4,846

    On average, Male workers in the Pharmaceutical & medicine manufacturing Industry Group make 1.11 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Pharmaceutical & medicine manufacturing Industry Group.

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    Business

    Estimates of the sources of the costs and the purchasers of the products in the Pharmaceutical & medicine manufacturing Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries.

    The industrial flow illustrates the intermediate inputs and the use of outputs of the Pharmaceutical & medicine manufacturing Industry Group.

    The Pharmaceutical & medicine manufacturing Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry.

    California and New Jersey stand out as the states with the largest number of establishments in the Pharmaceutical & medicine manufacturing Industry Group.

    Industrial Flow

    The closest comparable data for Pharmaceutical & medicine manufacturing is from Manufacturing.

    Manufacturing has the highest single input, by dollars, to the Pharmaceutical & medicine manufacturing Industry Group, and the largest industry purchasing services from the Pharmaceutical & medicine manufacturing Industry Group is Manufacturing.

    In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

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    Intermediate Inputs

    The closest comparable data for Pharmaceutical & medicine manufacturing is from Manufacturing.
    HIGHEST INPUT INDUSTRY
    1. Manufacturing
    2. Wholesale trade
    3. Mining

    The Pharmaceutical & medicine manufacturing Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry. This visualization does not include labor and capital costs.

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    Use of Output by Other Industries

    The closest comparable data for Pharmaceutical & medicine manufacturing is from Manufacturing.
    LARGEST PURCHASING INDUSTRY
    1. Manufacturing
    2. Construction
    3. Professional and business services

    The Manufacturing Industry purchases the greatest share of products and services from the Pharmaceutical & medicine manufacturing Industry Group in order to produce other goods and services. Purchases of the Pharmaceutical & medicine manufacturing Industry Group for final consumption by consumers, businesses, or government are not included here.

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    Establishments

    States with more establishments in 2022
    1. California
      490
    2. New Jersey
      192
    3. Florida
      181

    The charts shows the distribution of establishments in the Pharmaceutical & medicine manufacturing industry by states and the number of establishments according to size.

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    Diversity

    Demographic information on the Pharmaceutical & medicine manufacturing Industry Group in the US.

    Of the total workforce, 46.8% corresponds to women and 53.2% men. Male employees tend to earn more than Female employees, with average respective salaries of $137,463 and $123,779.

    80.3% of workers have a bachelors degree, graduate degree or high school or equivalent.

    Gender and Age

    326,303
    Women
    46.8%
    371,363
    Men
    53.2%

    The workforce of Pharmaceutical & medicine manufacturing industry in 2024 was 697,666 people, with 46.8% woman, and 53.2% men.

    The visualization shows the distribution of the workforce by gender and age in Pharmaceutical & medicine manufacturing industry.

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    Races

    In 2024, 57% of the workforce in the Pharmaceutical & medicine manufacturing industry was White (397,327 people), of which 44.9% were women and 55.1% men.

    Other races that concentrated a significant number of workers were Asian and Two or More Races.

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    Educational Levels

    The main educational levels achieved by the Pharmaceutical & medicine manufacturing workers in 2024 were bachelors degree (265,049 people), graduate degree (208,981 people), and high school or equivalent (85,938 people).

    The chart shows the Pharmaceutical & medicine manufacturing workforce by gender and educational level.

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    Projections

    Growth projections of the Pharmaceutical and Medicine Manufacturing industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 5.42% in the next ten years. The Pharmaceutical and Medicine Manufacturing industry has a lower projected workforce growth at 5.42%. Its projected 10-year growth in output (26.5%) is lower than the projected national growth in output (26.5%).

    Job Growth

    For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Pharmaceutical and Medicine Manufacturing.
    5.42%
    Estimated Job Growth
    10-year Projection
    5.42%
    National Growth
    10-year Projection

    This line chart shows the projected 10-year growth in the number of jobs for Pharmaceutical and Medicine Manufacturing. This industry is expected to grow approximately the same than 5.42%, the average rate of national job growth.

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    Output Growth

    For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Pharmaceutical and Medicine Manufacturing.
    26.5%
    Estimate Growth
    10-year Projection

    This line chart shows the projected 10-year growth in output of the Pharmaceutical and Medicine Manufacturing industry.

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