Metal forgings & stampings

Add Comparison
Workforce
101k
2019 BLS Estimate
Average Employee Age
45.3
Estimated Job Growth
−4.85%
10-Year Projection
Average Salary
$53,222
Average Male Salary
$56,673
Average Female Salary
$41,592

About

The top three occupations in the Metal forgings & stampings Industry Group are Miscellaneous metal workers & plastic workers, including multiple machine tool setters, Machinists, Firstline supervisors of production & operating workers, Laborers & freight, stock, & material movers, hand, and Other assemblers and fabricators. On average, full-time employees in the Metal forgings & stampings Industry Group work 44.2 hours per week and have an average annual salary of $54,961. Part-time employees in the same industry work 19.2 hours and earn an average annual salary of $24,243.

The locations with the highest concentration of employees in the Metal forgings & stampings Industry Group are Waukesha County (Central) PUMA, WI, St. Croix & Dunn Counties PUMA, WI, and Berrien County PUMA, MI. 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 Forming machine setters, operators, and tenders, metal and plastic, compared to other industries. 

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

Monthly Employment

Showing data for the Manufacturing industry sector.
Start Year
Y-Axis
−5.17%
Year-over-year decline
Employment change between November 2019 and November 2020

As of November 2020, there are 12.2M people employed in the Manufacturing industry. This represents a −5.17% decrease in employment when compared to November 2019.

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

View Data
Save Image
Add Data to Cart

Occupations

Occupations by Share

101k
Workforce (BLS Estimate)
ACS Estimate: 61.2k
−9.49%
1 Year Growth
± 15.1%

The Bureau of Labor Statistics estimates that there were 101k people employed in the Metal forgings & stampings Industry Group in 2019.

According to ACS estimates, the number of people employed in the Metal forgings & stampings Industry Group has been declining at a rate of −9.49%, , from 67.6k people in 2018 to 61.2k people in 2019.

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 10.2%, followed by Machinists with 6.09% and Firstline supervisors of production & operating workers with 5.84%.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Highest Paid

The highest paid occupations in Metal forgings & stampings, by average wage, are Chief executives & legislators, Firstline supervisors of mechanics, installers, & repairers, and General & operations managers.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Wages

Average Salary

$53,222
AVERAGE WAGE
± $4,292

On average, employees in the Metal forgings & stampings Industry Group make $53,222 per year. This number makes Metal forgings & stampings the 147 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

View Data
Save Image
Add Data to Cart

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.

View Data
Save Image
Add Data to Cart

Wage Distribution

0.336
WAGE GINI

Metal forgings & stampings has a wage GINI of 0.336, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Metal forgings & stampings (shown in red) in comparison to the national average for those wage buckets (shown in gray).

View Data
Save Image

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.

View Data
Save Image
Add Data to Cart

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 $56,673 and $41,592. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

14k
FEMALE WORKFORCE
±2.9k
47.2k
MALE WORKFORCE
±5.33k

77.1% 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.

View Data
Save Image
Add Data to Cart

Wage by Gender in Common Jobs

$56,673
AVERAGE MALE SALARY
±$5,237
$41,592
AVERAGE FEMALE SALARY
±$5,715

On average, Male workers in the Metal forgings & stampings Industry Group make 1.36 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.

View Data
Save Image
Add Data to Cart

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. Asian
  2. White
  3. Other

On average, Asian employees in the Metal forgings & stampings Industry Group earn 1.28 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.

View Data
Save Image
Add Data to Cart

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.
View Data
Save Image

Intermediate Inputs

The closest comparable data for Metal forgings & stampings is from Manufacturing.

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.

View Data
Save Image
Add Data to Cart

Use of Output by Other Industries

The closest comparable data for Metal forgings & stampings is from Manufacturing.

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.

View Data
Save Image
Add Data to Cart

Projections

Growth projections of the Forging and stamping 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 Forging and stamping industry has a lower projected workforce growth at −4.85%. Its projected 10-year growth in output (11%) 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 Forging and stamping.
−4.85%
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 Forging and stamping. This industry is expected to grow less than than 7.66%, the average rate of national job growth.

View Data
Save Image

Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Forging and stamping.
11%
Estimate Growth
10-year Projection

This line chart shows the projected 10-year growth in output of the Forging and stamping industry.

View Data
Save Image