Machine shops; turned product; screw, nut & bolt manufacturing

Industry Group

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Workforce
365k
2019 BLS Estimate
Average Employee Age
45.5
Estimated Job Growth
3.51%
10-Year Projection
Average Salary
$53,069
Average Male Salary
$55,097
Average Female Salary
$54,189

About

The top three occupations in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group are Machinists, Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Computer numerically controlled tool operators and programmers, Firstline supervisors of production & operating workers, and Other managers. On average, full-time employees in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group work 44.1 hours per week and have an average annual salary of $55,473. Part-time employees in the same industry work 22.2 hours and earn an average annual salary of $25,649.

The locations with the highest concentration of employees in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group are Eastlake, Wickliffe, Willoughby & Willowick Cities PUMA, OH, Winnebago (Northeast) & Boone Counties PUMA, IL, and Coon Rapids, Fridley & Columbia Heights Cities PUMA, MN. The industry that purchases the most products or services from the Hospitals Industry Group is Machine shops; turned product; screw, nut & bolt manufacturing .

Workforce

A snapshot of jobs, wages, and opportunities in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group. Machinists are the most common position, but the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group employs a relatively high number of Machinists, compared to other industries. 

The highest average salary in Machine shops; turned product; screw, nut & bolt manufacturing goes to Chief executives & legislators.

Monthly Employment

Start Year
Y-Axis
3.02%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 98.9k people employed in the Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing industry. This represents a 3.02% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing over time (non-seasonally adjusted).

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Occupations

Occupations by Share

365k
Workforce (BLS Estimate)
ACS Estimate: 317k
−1.78%
1 Year Growth
± 6.24%

The Bureau of Labor Statistics estimates that there were 365k people employed in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group in 2019.

According to ACS estimates, the number of people employed in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group has been declining at a rate of −1.78%, , from 323k people in 2019 to 317k people in 2020.

The following graphic shows the share of employment in Machine shops; turned product; screw, nut & bolt manufacturing by various occupations according to ACS estimates. Machinists represent the largest share of positions held in Machine shops; turned product; screw, nut & bolt manufacturing at 28.8%, followed by Miscellaneous metal workers & plastic workers, including multiple machine tool setters with 10.4% and Computer numerically controlled tool operators and programmers with 6.61%.

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Most Specialized

Compared to other Industry Groups, Machine shops; turned product; screw, nut & bolt manufacturing employs an unusually high number of Machinists, Computer numerically controlled tool operators and programmers, and Other machine tool setters, operators, and tenders, metal and plastic.

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Highest Paid

The highest paid occupations in Machine shops; turned product; screw, nut & bolt manufacturing , by average wage, are Chief executives & legislators, Architectural & engineering managers, and Electrical & electronics engineers.

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Wages

Average Salary

$53,069
AVERAGE WAGE
± $2,000

On average, employees in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group make $53,069 per year. This number makes Machine shops; turned product; screw, nut & bolt manufacturing the 154 highest paying Industry Group in the United States out of a total of 269 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 Machine shops; turned product; screw, nut & bolt manufacturing Industry Group.

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Wage Distribution

0.345
WAGE GINI

Machine shops; turned product; screw, nut & bolt manufacturing has a wage GINI of 0.345, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Machine shops; turned product; screw, nut & bolt 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 Machine shops; turned product; screw, nut & bolt manufacturing Industry Group.

These are locations that employ more people in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group than expected given both the size of that location's overall labor pool and the national size of the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group.

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Diversity

Demographic information on the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $55,097 and $54,189. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

46.4k
FEMALE WORKFORCE
±5.29k
271k
MALE WORKFORCE
±12.8k

85.4% of workers in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group.

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Wage by Sex in Common Jobs

$55,097
AVERAGE MALE SALARY
±$2,237
$54,189
AVERAGE FEMALE SALARY
±$2,143

On average, Male workers in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group make 1.02 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Machine shops; turned product; screw, nut & bolt 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. American Indian
  3. Two or More Races

On average, White employees in the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group earn 1.03 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 Machine shops; turned product; screw, nut & bolt manufacturing Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Machine shops; turned product; screw, nut & bolt 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 Machine shops; turned product; screw, nut & bolt manufacturing Industry Group, and the largest industry purchasing services from the Machine shops; turned product; screw, nut & bolt 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 Machine shops; turned product; screw, nut & bolt manufacturing is from Manufacturing.
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Intermediate Inputs

The closest comparable data for Machine shops; turned product; screw, nut & bolt manufacturing is from Manufacturing.

The Machine shops; turned product; screw, nut & bolt 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 Machine shops; turned product; screw, nut & bolt manufacturing is from Manufacturing.

The Manufacturing Industry purchases the greatest share of products and services from the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group in order to produce other goods and services. Purchases of the Machine shops; turned product; screw, nut & bolt manufacturing Industry Group for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Machine shops and threaded product mfg. 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 Machine shops and threaded product mfg. industry has a lower projected workforce growth at 3.51%. Its projected 10-year growth in output (11.3%) 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 Machine shops and threaded product mfg..
3.51%
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 Machine shops and threaded product mfg.. This industry is expected to grow less than than 7.66%, the average rate of national job growth.

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Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Machine shops and threaded product mfg..
11.3%
Estimate Growth
10-year Projection

This line chart shows the projected 10-year growth in output of the Machine shops and threaded product mfg. industry.

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