Metal forgings & stampings

Industry Group

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Workforce
101k
2019 BLS Estimate
Average Employee Age
45
Estimated Job Growth
−4.85%
10-Year Projection
Average Salary
$56,872
Average Male Salary
$59,949
Average Female Salary
$56,552

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, Firstline supervisors of production & operating workers, Welding, soldering, & brazing workers, and Machinists. On average, full-time employees in the Metal forgings & stampings Industry Group work 44.3 hours per week and have an average annual salary of $58,258. Part-time employees in the same industry work 22.6 hours and earn an average annual salary of $27,176.

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

briefcaseWorkforce

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
6.34%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 12.3M people employed in the Manufacturing industry. This represents a 6.34% increase in employment when compared to May 2020.

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

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Occupations by Share

101k
Workforce (BLS Estimate)
ACS Estimate: 65.4k
−1.35%
1 Year Growth
± 13.7%

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 −1.35%, , from 66.3k people in 2019 to 65.4k people in 2020.

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 9.82%, followed by Cutting, punching, and press machine setters, operators, and tenders, metal and plastic with 5.26% and Firstline supervisors of production & operating workers with 5.22%.

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Highest Paid

The highest paid occupations in Metal forgings & stampings, by average wage, are Chief executives & legislators, Stockers and order fillers, and Financial managers.

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Average Salary

$56,872
AVERAGE WAGE
± $5,390

On average, employees in the Metal forgings & stampings Industry Group make $56,872 per year. This number makes Metal forgings & stampings the 120 highest paying Industry Group in the United States out of a total of 269 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

0.374
WAGE GINI

Metal forgings & stampings has a wage GINI of 0.374, 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).

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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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geosearchDiversity

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 $59,949 and $56,552. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

13.8k
FEMALE WORKFORCE
±2.88k
51.6k
MALE WORKFORCE
±5.58k

78.9% of workers in the Metal forgings & stampings Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Metal forgings & stampings Industry Group.

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Wage by Sex in Common Jobs

$59,949
AVERAGE MALE SALARY
±$6,216
$56,552
AVERAGE FEMALE SALARY
±$5,320

On average, Male workers in the Metal forgings & stampings Industry Group make 1.06 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.

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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 1.03 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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refreshInput/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 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.

Industrial Flow

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

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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.

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timeline-line-chartProjections

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.

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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.

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