Metal forgings & stampings

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Workforce

98.3k

2016 BLS Estimate

Average Employee Age

44.9

Estimated Job Growth

-0.6%

10-Year Projection

Average Salary

$53,787

Average Male Salary

$56,779

Average Female Salary

$41,204

About

The top three occupations in the Metal forgings & stampings Industry Group are Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Firstline supervisors of production & operating workers, Inspectors, testers, sorters, samplers, & weighers, Machinists, and Welding, soldering, & brazing workers. On average, full-time employees in the Metal forgings & stampings Industry Group work 45.4 hours per week and have an average annual salary of $55,137. Part-time employees in the same industry work 24.8 hours and earn an average annual salary of $20,725.

The locations with the highest concentration of employees in the Metal forgings & stampings Industry Group are Geauga & Lake (South) Counties PUMA, OH, Auglaize, Mercer & Van Wert Counties PUMA, OH, and Jo Daviess, Carroll, Whiteside & Lee Counties PUMA, IL. The industry that purchases the most products or services from the Hospitals Industry Group is Metal forgings & stampings.

Workforce

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

The highest average salary in Metal forgings & stampings goes to Chief executives & legislators.

Occupations

Occupations by Share

98.3k

Workforce (BLS Estimate)

ACS Estimate: 73.2k

5.01%

1 Year Growth

± 12.4%

The Bureau of Labor Statistics estimates that there were 98.3k people employed in the Metal forgings & stampings Industry Group in 2016.

According to ACS estimates, the number of people employed in the Metal forgings & stampings Industry Group has been growing at a rate of 5.01%, , from 69.7k people in 2016 to 73.2k people in 2017.

The following graphic shows the share of employment in Metal forgings & stampings 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 Metal forgings & stampings at 7.66%, followed by Firstline supervisors of production & operating workers with 6.1% and Inspectors, testers, sorters, samplers, & weighers with 5.87%.

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Highest Paid

The highest paid occupations in Metal forgings & stampings, by average wage, are Chief executives & legislators, Marketing & sales managers, and Miscellaneous engineers, including nuclear engineers.

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Wages

Average Salary

$53,787

AVERAGE WAGE

± $3,755

On average, employees in the Metal forgings & stampings Industry Group make $53,787 per year. This number makes Metal forgings & stampings the 120 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 Metal forgings & stampings Industry Group.

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Wage Distribution

0.318

WAGE GINI

Metal forgings & stampings has a wage GINI of 0.318, which is less than than the national average of 0.479. In other words, wages are distributed less evenly in Metal forgings & stampings (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 Metal forgings & stampings Industry Group.

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

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Diversity

Demographic information on the Metal forgings & stampings Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $56,779 and $41,204. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

14.1k

FEMALE WORKFORCE

±2.91k

59.2k

MALE WORKFORCE

±5.97k

80.8% of workers in the Metal forgings & stampings Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Metal forgings & stampings Industry Group.

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Wage by Gender in Common Jobs

$56,779

AVERAGE MALE SALARY

±$4,385

$41,204

AVERAGE FEMALE SALARY

±$5,798

On average, Male workers in the Metal forgings & stampings Industry Group make 1.38 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Metal forgings & stampings Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. White

  2. Asian

  3. Black

On average, White employees in the Metal forgings & stampings 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 Metal forgings & stampings Industry Group.

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Input/Output

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

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Intermediate Inputs

The Metal forgings & stampings 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 Metal forgings & stampings Industry Group in order to produce other goods and services. Purchases of the Metal forgings & stampings Industry Group for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Metal forgings & stampings 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 Metal forgings & stampings Industry Group has a lower projected workforce growth at -0.6%. Its projected 10-year growth in output (1.8%) is lower than the projected national growth in output (24.6%).

Job Growth

-0.6%

ESTIMATED GROWTH

8.13%

NATIONAL AVERAGE

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

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Output Growth

1.8%

ESTIMATED GROWTH

24.6%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in output of the Metal forgings & stampings Industry Group, which is lower than the national average of 24.6%

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