Cutlery & hand tool manufacturing

Industry Group

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Workforce

36.4k

2019 BLS Estimate

Average Employee Age

45.1

Estimated Job Growth

−5.22%

10-Year Projection

Average Salary

$54,900

Average Male Salary

$58,343

Average Female Salary

$57,896

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, Machinists, Other assemblers and fabricators, and Miscellaneous production workers, including semiconductor processors. On average, full-time employees in the Cutlery & hand tool manufacturing Industry Group work 43.6 hours per week and have an average annual salary of $57,883. Part-time employees in the same industry work 21.6 hours and earn an average annual salary of $21,946.

The locations with the highest concentration of employees in the Cutlery & hand tool manufacturing Industry Group are Cattaraugus & Allegany Counties PUMA, NY, Woodburn & Silverton Cities PUMA, OR, and Worcester & Middlesex Counties (Outside Leominster, Fitchburg & Gardner Cities) PUMA, MA. The industry that purchases the most products or services from the Hospitals Industry Group is Cutlery & hand tool manufacturing.

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 Other machine tool setters, operators, and tenders, metal and plastic, compared to other industries.

The highest average salary in Cutlery & hand tool manufacturing goes to Chief executives & legislators.

Monthly Employment

Showing data for the Manufacturing industry sector.

Start Year

Y-Axis

6.34%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 12.3M people employed in the Manufacturing industry. This represents a 6.34% increase in employment when compared to May 2020.

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

Occupations

Occupations by Share

36.4k

Workforce (BLS Estimate)

ACS Estimate: 43.2k

−0.164%

1 Year Growth

± 16.7%

The Bureau of Labor Statistics estimates that there were 36.4k people employed in the Cutlery & hand tool manufacturing Industry Group in 2019.

According to ACS estimates, the number of people employed in the Cutlery & hand tool manufacturing Industry Group has been declining at a rate of −0.164%, , from 43.2k people in 2019 to 43.2k people in 2020.

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 7.75%, followed by Firstline supervisors of production & operating workers with 6.9% and Machinists with 5.76%.

Most Common

The most common occupations in the Cutlery & hand tool manufacturing Industry Group, by number of employees, are Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Firstline supervisors of production & operating workers, Machinists, Other assemblers and fabricators, and Miscellaneous production workers, including semiconductor processors.

Most Specialized

Compared to other Industry Groups, Cutlery & hand tool manufacturing employs an unusually high number of Other machine tool setters, operators, and tenders, metal and plastic, Tool & die makers, and Grinding, lapping, polishing, and buffing machine tool setters, operators, and tenders, metal and plastic.

Highest Paid

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

Wages

Average Salary

$54,900

AVERAGE WAGE

± $5,880

On average, employees in the Cutlery & hand tool manufacturing Industry Group make $54,900 per year. This number makes Cutlery & hand tool manufacturing the 138 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

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

Wage Distribution

0.384

WAGE GINI

Cutlery & hand tool manufacturing has a wage GINI of 0.384, which is less than than the national average of 0.478. 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).

Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

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.

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 $58,343 and $57,896. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

11.8k

FEMALE WORKFORCE

±2.67k

31.3k

MALE WORKFORCE

±4.35k

72.6% of workers in the Cutlery & hand tool manufacturing Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Cutlery & hand tool manufacturing Industry Group.

Wage by Sex in Common Jobs

$58,343

AVERAGE MALE SALARY

±$6,955

$57,896

AVERAGE FEMALE SALARY

±$7,229

On average, Male workers in the Cutlery & hand tool manufacturing Industry Group make 1.01 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Cutlery & hand tool manufacturing Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
Other

On average, Asian employees in the Cutlery & hand tool manufacturing Industry Group earn 1.16 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.

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 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.

Industrial Flow

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

Intermediate Inputs

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

HIGHEST INPUT INDUSTRY

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.

Use of Output by Other Industries

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

LARGEST PURCHASING INDUSTRY

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.

Projections

Growth projections of the Cutlery and handtool manufacturing industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Cutlery and handtool manufacturing industry has a lower projected workforce growth at −5.22%. Its projected 10-year growth in output (0.901%) is lower than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Cutlery and handtool manufacturing.

−5.22%

Estimated Job Growth

10-year Projection

7.66%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Cutlery and handtool manufacturing. This industry is expected to grow less than than 7.66%, the average rate of national job growth.