Cutlery & hand tool manufacturing

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Workforce

38.4k

2016 BLS Estimate

Average Employee Age

43.6

Estimated Job Growth

-0.9%

10-Year Projection

Average Salary

$53,375

Average Male Salary

$57,438

Average Female Salary

$42,459

About

The top three occupations in the Cutlery & hand tool manufacturing Industry Group are Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Firstline supervisors of production & operating workers, Packers & packagers, hand, Machinists, and Laborers & freight, stock, & material movers, hand. On average, full-time employees in the Cutlery & hand tool manufacturing Industry Group work 44 hours per week and have an average annual salary of $56,252. Part-time employees in the same industry work 22.2 hours and earn an average annual salary of $20,215.

The locations with the highest concentration of employees in the Cutlery & hand tool manufacturing Industry Group are Cattaraugus & Allegany Counties PUMA, NY, Greene, Carter, Unicoi & Johnson Counties PUMA, TN, and Crawford & Warren Counties PUMA, PA. The industry that purchases the most products or services from the Hospitals Industry Group is Cutlery & hand tool manufacturing.

Workforce

A snapshot of jobs, wages, and opportunities in the Cutlery & hand tool manufacturing Industry Group. Miscellaneous metal workers & plastic workers, including multiple machine tool setters are the most common position, but the Cutlery & hand tool manufacturing Industry Group employs a relatively high number of Forging machine setters, operators, & tenders, metal & plastic, compared to other industries. 

The highest average salary in Cutlery & hand tool manufacturing goes to General & operations managers.

Occupations

Occupations by Share

38.4k

Workforce (BLS Estimate)

ACS Estimate: 46.6k

6.94%

1 Year Growth

± 15.3%

The Bureau of Labor Statistics estimates that there were 38.4k people employed in the Cutlery & hand tool manufacturing Industry Group in 2016.

According to ACS estimates, the number of people employed in the Cutlery & hand tool manufacturing Industry Group has been growing at a rate of 6.94%, , from 43.6k people in 2016 to 46.6k people in 2017.

The following graphic shows the share of employment in Cutlery & hand tool manufacturing by various occupations according to ACS estimates. Miscellaneous metal workers & plastic workers, including multiple machine tool setters represent the largest share of positions held in Cutlery & hand tool manufacturing at 9.71%, followed by Firstline supervisors of production & operating workers with 6.26% and Packers & packagers, hand with 4.29%.

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Highest Paid

The highest paid occupations in Cutlery & hand tool manufacturing, by average wage, are General & operations managers, Chief executives & legislators, and Marketing & sales managers.

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Wages

Average Salary

$53,375

AVERAGE WAGE

± $5,496

On average, employees in the Cutlery & hand tool manufacturing Industry Group make $53,375 per year. This number makes Cutlery & hand tool manufacturing the 124 highest paying Industry Group in the United States out of a total of 266 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Cutlery & hand tool manufacturing Industry Group.

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Wage Distribution

0.394

WAGE GINI

Cutlery & hand tool manufacturing has a wage GINI of 0.394, which is less than than the national average of 0.479. In other words, wages are distributed more evenly in Cutlery & hand tool manufacturing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Cutlery & hand tool manufacturing Industry Group.

These are locations that employ more people in the Cutlery & hand tool manufacturing Industry Group than expected given both the size of that location's overall labor pool and the national size of the Cutlery & hand tool manufacturing Industry Group.

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Diversity

Demographic information on the Cutlery & hand tool manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $57,438 and $42,459. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

12.7k

FEMALE WORKFORCE

±2.76k

34k

MALE WORKFORCE

±4.53k

72.9% of workers in the Cutlery & hand tool manufacturing Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Cutlery & hand tool manufacturing Industry Group.

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Wage by Gender in Common Jobs

$57,438

AVERAGE MALE SALARY

±$6,976

$42,459

AVERAGE FEMALE SALARY

±$7,173

On average, Male workers in the Cutlery & hand tool manufacturing Industry Group make 1.35 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Cutlery & hand tool manufacturing Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. White

  2. Other

  3. Two or More Races

On average, White employees in the Cutlery & hand tool manufacturing Industry Group earn 1.11 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Cutlery & hand tool manufacturing Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Cutlery & hand tool 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. Manufacturing has the highest single input, by dollars, to the Cutlery & hand tool manufacturing Industry Group, and the largest industry purchasing services from the Cutlery & hand tool manufacturing Industry Group is Manufacturing.

In this visualization, click on a category to expand or collapse it. 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.

Industrial Flow

The closest comparable data for Cutlery & hand tool manufacturing is from Manufacturing.

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Intermediate Inputs

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

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Projections

Growth projections of the Cutlery & hand tool manufacturing Industry Group, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 8.13% in the next ten years. The Cutlery & hand tool manufacturing Industry Group has a lower projected workforce growth at -0.9%. Its projected 10-year growth in output (1.2%) is lower than the projected national growth in output (24.6%).

Job Growth

-0.9%

ESTIMATED GROWTH

8.13%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in the number of jobs for the Cutlery & hand tool manufacturing Industry Group, which is lower than the national average of 8.13%.

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Output Growth

1.2%

ESTIMATED GROWTH

24.6%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in output of the Cutlery & hand tool manufacturing Industry Group, which is lower than the national average of 24.6%

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