Retail Trade

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Workforce

15.8M

2016 BLS Estimate

Average Employee Age

38.6

Estimated Job Growth

0.3%

10-Year Projection

Average Salary

$34,420

Average Male Salary

$41,014

Average Female Salary

$27,561

About

Workforce

Diversity

Input/Output

Projections

About

The top three occupations in the Retail Trade Industry Group are Retail salespersons, Firstline supervisors of retail sales workers, Cashiers, Stock clerks & order fillers, and Customer service representatives. On average, full-time employees in the Retail Trade Industry Sub-Sector work 42.9 hours per week and have an average annual salary of $45,669. Part-time employees in the same industry work 22.2 hours and earn an average annual salary of $12,228.

The locations with the highest concentration of employees in the Retail Trade Industry Sub-Sector are Queen Anne & Magnolia PUMA, WA, Benton County PUMA, AR, and Belknap, Carroll & Merrimack (Northern) Counties PUMA, NH. The industry that purchases the most products or services from the Hospitals Industry Group is Retail Trade.

Photo by paul bica

Retail Trade

Workforce

A snapshot of jobs, wages, and opportunities in the Retail Trade Industry Sub-Sector. Retail salespersons are the most common position, but the Retail Trade Industry Sub-Sector employs a relatively high number of Retail salespersons, compared to other industries. 

The highest average salary in Retail Trade goes to Physicians & surgeons.

Occupations

Occupations by Share

15.8M

Workforce (BLS Estimate)

ACS Estimate: 16.7M

-1.37%

1 Year Growth

± 0.807%

The Bureau of Labor Statistics estimates that there were 15.8M people employed in the Retail Trade Industry Sub-Sector in 2016.

According to ACS estimates, the number of people employed in the Retail Trade Industry Sub-Sector has been declining at a rate of -1.37%, , from 17M people in 2016 to 16.7M people in 2017.

The following graphic shows the share of employment in Retail Trade by various occupations according to ACS estimates. Retail salespersons represent the largest share of positions held in Retail Trade at 18.4%, followed by Firstline supervisors of retail sales workers with 16.9% and Cashiers with 13%.

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Most Common

The most common occupations in the Retail Trade Industry Sub-Sector, by number of employees, are Retail salespersons, Firstline supervisors of retail sales workers, Cashiers, Stock clerks & order fillers, and Customer service representatives.

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Most Specialized

Compared to other Industry Sub-Sectors, Retail Trade employs an unusually high number of Retail salespersons, Firstline supervisors of retail sales workers, and Parts salespersons.

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Highest Paid

The highest paid occupations in Retail Trade, by average wage, are Physicians & surgeons, Architectural & engineering managers, and Lawyers, & judges, magistrates, & other judicial workers.

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Wages

Average Salary

$34,420

AVERAGE WAGE

± $270

On average, employees in the Retail Trade Industry Sub-Sector make $34,420 per year. This number makes Retail Trade the 12 highest paying Industry Sub-Sector in the United States out of a total of 21 Industry Sub-Sectors.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

  1. Murray Hill, Gramercy & Stuyvesant Town PUMA, NY

  2. Queen Anne & Magnolia PUMA, WA

  3. Sammamish, Issaquah, Mercer Island & Newcastle Cities PUMA, WA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Retail Trade Industry Sub-Sector.

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Wage Distribution

0.5

WAGE GINI

Retail Trade has a wage GINI of 0.5, which is more than than the national average of 0.479. In other words, wages are distributed less evenly in Retail Trade (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

  1. Queen Anne & Magnolia PUMA, WA

  2. Benton County PUMA, AR

  3. Belknap, Carroll & Merrimack (Northern) Counties PUMA, NH

This map shows the PUMAs in the United States that have revealed comparative advantage in the Retail Trade Industry Sub-Sector.

These are locations that employ more people in the Retail Trade Industry Sub-Sector than expected given both the size of that location's overall labor pool and the national size of the Retail Trade Industry Sub-Sector.

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Diversity

Demographic information on the Retail Trade Industry Sub-Sector in the US. Male employees tend to earn more than Female employees, with average respective salaries of $41,014 and $27,561. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

8.2M

FEMALE WORKFORCE

±68.3k

8.53M

MALE WORKFORCE

±69.6k

51% of workers in the Retail Trade Industry Sub-Sector are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Retail Trade Industry Sub-Sector.

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Wage by Gender in Common Jobs

$41,014

AVERAGE MALE SALARY

±$440

$27,561

AVERAGE FEMALE SALARY

±$294

On average, Male workers in the Retail Trade Industry Sub-Sector make 1.49 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Retail Trade Industry Sub-Sector.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. Asian

  2. White

  3. Native Hawaiian and Other Pacific Islander

On average, Asian employees in the Retail Trade Industry Sub-Sector earn 1.21 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 Retail Trade Industry Sub-Sector.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Retail Trade Industry Sub-Sector. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Professional and business services has the highest single input, by dollars, to the Retail Trade Industry Sub-Sector, and the largest industry purchasing services from the Retail Trade Industry Sub-Sector is Construction.

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 Retail Trade is from Retail Trade.

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Intermediate Inputs

HIGHEST INPUT INDUSTRY

  1. Professional and business services

  2. Transportation and warehousing

  3. Manufacturing

The Retail Trade Industry Sub-Sector gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry. This visualization does not include labor and capital costs.

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Use of Output by Other Industries

LARGEST PURCHASING INDUSTRY

  1. Construction

  2. Manufacturing

  3. Transportation and warehousing

The Construction Industry purchases the greatest share of products and services from the Retail Trade Industry Sub-Sector in order to produce other goods and services. Purchases of the Retail Trade Industry Sub-Sector for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Retail Trade Industry Sub-Sector, 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 Retail Trade Industry Sub-Sector has a lower projected workforce growth at 0.3%. Its projected 10-year growth in output (2.5%) is lower than the projected national growth in output (24.6%).

Job Growth

0.3%

ESTIMATED GROWTH

8.13%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in the number of jobs for the Retail Trade Industry Sub-Sector, which is lower than the national average of 8.13%.

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Output Growth

2.5%

ESTIMATED GROWTH

24.6%

NATIONAL AVERAGE

This line chart shows the projected 10-year growth in output of the Retail Trade Industry Sub-Sector, which is lower than the national average of 24.6%

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