Metal forgings & stampings

Industry Group

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Workforce Population

62.9k

2021

Average Employee Age

45.2

2021

Estimated Job Growth

−4.85%

10-Year Projection

Average Salary

$58,181

2021

Average Male Salary

$61,256

2021

Average Female Salary

$46,690

2021

About

The top three occupations in the Metal forgings & stampings Industry Group are miscellaneous metal workers & plastic workers, including multiple machine tool setters, cutting, punching, and press machine setters, operators, and tenders, metal and plastic, and firstline supervisors of production & operating workers. On average, full-time employees in the Metal forgings & stampings Industry Group work 44.1 hours per week and have an average annual salary of $59,444. Part-time employees in the same industry work 22.3 hours and earn an average annual salary of $33,796.

The locations with the highest concentration of employees in the Metal forgings & stampings Industry Group are Akron City (East) PUMA, OH, Jo Daviess, Carroll, Whiteside & Lee Counties PUMA, IL, and Clearfield, McKean, Elk, Potter & Cameron Counties PUMA, PA.

The workforce of Metal forgings & stampings Industry Group in 2021 was 62,869 people, with 21.1% woman, and 78.9% men.

In 2021, 77.6% of the workforce in the Metal forgings & stampings Industry Group was White (48,764 people), of which 20.2% were women and 79.8% men.

Manufacturing

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Metal forgings & stampings Industry Group.

The workforce in Metal forgings & stampings Industry Group was 62,869 people and is concentrated in Ohio (8,859 workers). The average annual salary was $58,181, being $1,414 less than the national average salary, which was $59,596.

Monthly Employment

Showing data for the Manufacturing industry sector.

Start Year

Y-Axis

1.98%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 12.9M people employed in the Manufacturing industry. This represents a 1.98% increase in employment when compared to February 2022.

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

Employment by Location

The states that concentrated the largest workforce in 2021 were Ohio (8.86k), Michigan (6.57k), and Illinois (5.74k).

This map shows the states in the United States shaded by workforce for Metal forgings & stampings Industry Group.

Yearly Wage Ranking

In 2021, Metal forgings & stampings Industry Group had an average annual wage of $58,181, $1,414 less than the average national salary of $59,596.

The graph shows the position of Metal forgings & stampings Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.367

WAGE GINI

Metal forgings & stampings has a wage GINI of 0.367, 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).

The graphic shows the distribution of average salaries by buckets for Metal forgings & stampings Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Metal forgings & stampings Industry Group.

Miscellaneous metal workers & plastic workers, including multiple machine tool setters are the most common position with 6,781 workers, but the Metal forgings & stampings Industry Group employs a relatively high number of Cutting, punching, and press machine setters, operators, and tenders, metal and plastic and Firstline supervisors of production & operating workers.

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

Occupations Distribution

The graph shows the distribution of employees in the Metal forgings & stampings Industry Group according to occupations. In 2021, the occupations that concentrated the largest number of employees in this industry were miscellaneous metal workers & plastic workers, including multiple machine tool setters (6,781 people), cutting, punching, and press machine setters, operators, and tenders, metal and plastic (3,386 people), and firstline supervisors of production & operating workers (3,384 people)

Wage by Sex in Common Jobs

$61,256

AVERAGE MALE SALARY

±$6,228

$46,690

AVERAGE FEMALE SALARY

±$11,572

On average, Male workers in the Metal forgings & stampings Industry Group make 1.31 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Metal forgings & stampings Industry Group.

Business

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.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Metal forgings & stampings Industry Group.

The Metal forgings & stampings Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry.

California and Illinois stand out as the states with the largest number of establishments in the Metal forgings & stampings Industry Group.

Industrial Flow

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

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 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.

Intermediate Inputs

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

HIGHEST INPUT INDUSTRY

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.

Use of Output by Other Industries

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

LARGEST PURCHASING INDUSTRY

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.

Establishments

States with more establishments in 2016

The charts shows the distribution of establishments in the Metal forgings & stampings industry by states and the number of establishments according to size.

Diversity

Demographic information on the Metal forgings & stampings Industry Group in the US.

Of the total workforce, 21.1% corresponds to women and 78.9% men. Male employees tend to earn more than Female employees, with average respective salaries of $61,256 and $46,690.

76.2% of workers have a high school or equivalent, some college or bachelors degree.

Gender and Age

13,272

Women

21.1%

49,597

Men

78.9%

The workforce of Metal forgings & stampings industry in 2021 was 62,869 people, with 21.1% woman, and 78.9% men.

The visualization shows the distribution of the workforce by gender and age in Metal forgings & stampings industry.

Races

In 2021, 77.6% of the workforce in the Metal forgings & stampings industry was White (48,764 people), of which 20.2% were women and 79.8% men.

Other races that concentrated a significant number of workers were Black and Other.

Educational Levels

The main educational levels achieved by the Metal forgings & stampings workers in 2021 were high school or equivalent (26,656 people), some college (13,533 people), and bachelors degree (7,716 people).

The chart shows the Metal forgings & stampings workforce by gender and educational level.

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 comparable 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.