Foundries

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Workforce

120k

2018 BLS Estimate

Average Employee Age

43.8

Estimated Job Growth

-1.7%

10-Year Projection

Average Salary

$54,404

Average Male Salary

$55,653

Average Female Salary

$49,213

About

The top three occupations in the Foundries Industry Group are Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Firstline supervisors of production & operating workers, Miscellaneous production workers, including semiconductor processors, Model makers, patternmakers, & molding machine setters, metal & plastic, and Laborers & freight, stock, & material movers, hand. On average, full-time employees in the Foundries Industry Group work 44.7 hours per week and have an average annual salary of $55,330. Part-time employees in the same industry work 19.7 hours and earn an average annual salary of $31,990.

The locations with the highest concentration of employees in the Foundries Industry Group are Sheboygan County PUMA, WI, Auglaize, Mercer & Van Wert Counties PUMA, OH, and East Central Wisconsin PUMA, WI. The industry that purchases the most products or services from the Hospitals Industry Group is Foundries.

Manufacturing Manufacturing

Workforce

A snapshot of jobs, wages, and opportunities in the Foundries Industry Group. Miscellaneous metal workers & plastic workers, including multiple machine tool setters are the most common position, but the Foundries Industry Group employs a relatively high number of Model makers, patternmakers, & molding machine setters, metal & plastic, compared to other industries.

The highest average salary in Foundries goes to Chief executives & legislators.

Monthly Employment

Start Year

Y-Axis

-41.7%

Year-over-year decline

Employment change between November 2019 and November 2020

As of November 2020, there are 6.3k people employed in the Foundries industry. This represents a -41.7% decrease in employment when compared to November 2019.

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

Occupations

Occupations by Share

120k

Workforce (BLS Estimate)

ACS Estimate: 83.8k

-6.89%

1 Year Growth

± 12.7%

The Bureau of Labor Statistics estimates that there were 120k people employed in the Foundries Industry Group in 2018.

According to ACS estimates, the number of people employed in the Foundries Industry Group has been declining at a rate of -6.89%, , from 90k people in 2018 to 83.8k people in 2019.

The following graphic shows the share of employment in Foundries 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 Foundries at 7.97%, followed by Firstline supervisors of production & operating workers with 7.35% and Miscellaneous production workers, including semiconductor processors with 5.88%.

Wages

Average Salary

$54,404

AVERAGE WAGE

± $3,240

On average, employees in the Foundries Industry Group make $54,404 per year. This number makes Foundries 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 Foundries Industry Group.

Wage Distribution

0.304

WAGE GINI

Foundries has a wage GINI of 0.304, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Foundries (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 Foundries Industry Group.

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

Diversity

Demographic information on the Foundries Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $55,653 and $49,213. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

16.2k

FEMALE WORKFORCE

±3.13k

67.5k

MALE WORKFORCE

±6.38k

80.6% of workers in the Foundries Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Foundries Industry Group.

Wage by Gender in Common Jobs

$55,653

AVERAGE MALE SALARY

±$3,353

$49,213

AVERAGE FEMALE SALARY

±$9,150

On average, Male workers in the Foundries Industry Group make 1.13 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Foundries Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

White
Black
Two or More Races

On average, White employees in the Foundries Industry Group earn 1.04 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 Foundries Industry Group.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Foundries 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 Foundries Industry Group, and the largest industry purchasing services from the Foundries 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 Foundries is from Manufacturing.

Intermediate Inputs

The closest comparable data for Foundries is from Manufacturing.

HIGHEST INPUT INDUSTRY

The Foundries 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 Foundries is from Manufacturing.

LARGEST PURCHASING INDUSTRY

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

Projections

Growth projections of the foundries industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 6.89% in the next ten years. The foundries industry has a lower projected workforce growth at -1.7%. Its projected 10-year growth in output (0.3%) is lower than the projected national growth in output (22.9%).