Railroad rolling stock manufacturing

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Workforce

26.4k

2016 BLS Estimate

Average Employee Age

43.4

Estimated Job Growth

-0.1%

10-Year Projection

Average Salary

$62,656

Average Male Salary

$64,800

Average Female Salary

$51,946

About

The top three occupations in the Railroad rolling stock manufacturing Industry Group are Welding, soldering, & brazing workers, Miscellaneous assemblers & fabricators, Miscellaneous managers, Firstline supervisors of production & operating workers, and Miscellaneous metal workers & plastic workers, including multiple machine tool setters. On average, full-time employees in the Railroad rolling stock manufacturing Industry Group work 44.3 hours per week and have an average annual salary of $62,875. Part-time employees in the same industry work 24.4 hours and earn an average annual salary of $46,351.

The locations with the highest concentration of employees in the Railroad rolling stock manufacturing Industry Group are Erie City, Lawrence Park Township & Wesleyville Borough PUMA, PA, Erie County (Outer) PUMA, PA, and Dunklin, Stoddard, New Madrid, Pemiscot & Mississippi Counties PUMA, MO. The industry that purchases the most products or services from the Hospitals Industry Group is Railroad rolling stock manufacturing.

Workforce

A snapshot of jobs, wages, and opportunities in the Railroad rolling stock manufacturing Industry Group. Welding, soldering, & brazing workers are the most common position, but the Railroad rolling stock manufacturing Industry Group employs a relatively high number of Materials engineers, compared to other industries. 

The highest average salary in Railroad rolling stock manufacturing goes to Accountants & auditors.

Occupations

Occupations by Share

26.4k

Workforce (BLS Estimate)

ACS Estimate: 29.3k

3.19%

1 Year Growth

± 19.8%

The Bureau of Labor Statistics estimates that there were 26.4k people employed in the Railroad rolling stock manufacturing Industry Group in 2016.

According to ACS estimates, the number of people employed in the Railroad rolling stock manufacturing Industry Group has been growing at a rate of 3.19%, , from 28.4k people in 2016 to 29.3k people in 2017.

The following graphic shows the share of employment in Railroad rolling stock manufacturing by various occupations according to ACS estimates. Welding, soldering, & brazing workers represent the largest share of positions held in Railroad rolling stock manufacturing at 16.4%, followed by Miscellaneous assemblers & fabricators with 7.29% and Miscellaneous managers with 6.29%.

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Most Specialized

Compared to other Industry Groups, Railroad rolling stock manufacturing employs an unusually high number of Materials engineers, Welding, soldering, & brazing workers, and Miscellaneous metal workers & plastic workers, including multiple machine tool setters.

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Highest Paid

The highest paid occupations in Railroad rolling stock manufacturing, by average wage, are Accountants & auditors, Sales representatives, wholesale & manufacturing, and Software developers, applications & systems software.

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Wages

Average Salary

$62,656

AVERAGE WAGE

± $6,302

On average, employees in the Railroad rolling stock manufacturing Industry Group make $62,656 per year. This number makes Railroad rolling stock manufacturing the 75 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 Railroad rolling stock manufacturing Industry Group.

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Wage Distribution

0.311

WAGE GINI

Railroad rolling stock manufacturing has a wage GINI of 0.311, which is less than than the national average of 0.479. In other words, wages are distributed less evenly in Railroad rolling stock 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 Railroad rolling stock manufacturing Industry Group.

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

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Diversity

Demographic information on the Railroad rolling stock manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $64,800 and $51,946. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

4.89k

FEMALE WORKFORCE

±1.72k

24.4k

MALE WORKFORCE

±3.84k

83.3% of workers in the Railroad rolling stock manufacturing Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Railroad rolling stock manufacturing Industry Group.

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Wage by Gender in Common Jobs

$64,800

AVERAGE MALE SALARY

±$6,840

$51,946

AVERAGE FEMALE SALARY

±$15,592

On average, Male workers in the Railroad rolling stock manufacturing Industry Group make 1.25 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Railroad rolling stock manufacturing Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. Asian

  2. White

  3. Black

On average, Asian employees in the Railroad rolling stock manufacturing Industry Group earn 1.23 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 Railroad rolling stock manufacturing Industry Group.

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Input/Output

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

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Intermediate Inputs

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

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Projections

Growth projections of the Railroad rolling stock manufacturing 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 Railroad rolling stock manufacturing Industry Group has a lower projected workforce growth at -0.1%. Its projected 10-year growth in output (2.6%) is lower than the projected national growth in output (24.6%).

Job Growth

-0.1%

ESTIMATED GROWTH

8.13%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in the number of jobs for the Railroad rolling stock manufacturing Industry Group, which is lower than the national average of 8.13%.

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Output Growth

2.6%

ESTIMATED GROWTH

24.6%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in output of the Railroad rolling stock manufacturing Industry Group, which is lower than the national average of 24.6%

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