Metal forgings & stampings

Industry Group

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Workforce Population
53.9k
2023
Average Employee Age
45.3
2023
Estimated Job Growth
−4.88%
10-Year Projection
Average Salary
$65,503
2023
Average Male Salary
$69,240
2023
Average Female Salary
$52,685
2023

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 43.8 hours per week and have an average annual salary of $67,069. Part-time employees in the same industry work 22.8 hours and earn an average annual salary of $40,249.

The locations with the highest concentration of employees in the Metal forgings & stampings Industry Group are Manitowoc, Door & Kewaunee Counties PUMA, WI, Mercer, Defiance, Williams, Van Wert & Paulding Counties PUMA, OH, and Auglaize, Logan & Champaign Counties PUMA, OH.

The workforce of Metal forgings & stampings Industry Group in 2023 was 53,887 people, with 22.6% woman, and 77.4% men.

In 2023, 74.3% of the workforce in the Metal forgings & stampings Industry Group was White (40,022 people), of which 21.5% were women and 78.5% men.

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 53,887 people and is concentrated in Ohio (7,799 workers). The average annual salary was $65,503, being $2,224 less than the national average salary, which was $67,727.

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).

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Employment by Location

The states that concentrated the largest workforce in 2023 were Ohio (7.8k), Michigan (5.75k), and Illinois (4.76k).

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

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Yearly Wage Ranking

In 2023, Metal forgings & stampings Industry Group had an average annual wage of $65,503, $2,224 less than the average national salary of $67,727.

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

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Wage Distribution

0.375
WAGE GINI

Metal forgings & stampings has a wage GINI of 0.375, which is less than than the national average of 0.476. 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.

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Occupations

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

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 2023, the occupations that concentrated the largest number of employees in this industry were miscellaneous metal workers & plastic workers, including multiple machine tool setters (5,763 people), cutting, punching, and press machine setters, operators, and tenders, metal and plastic (3,316 people), and firstline supervisors of production & operating workers (2,999 people)

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Wage by Sex in Common Jobs

$69,240
AVERAGE MALE SALARY
±$8,229
$52,685
AVERAGE FEMALE SALARY
±$13,346

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.

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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 Ohio 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.

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Intermediate Inputs

The closest comparable data for Metal forgings & stampings is from Manufacturing.
HIGHEST INPUT INDUSTRY
  1. Manufacturing
  2. Wholesale trade
  3. Mining

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.
LARGEST PURCHASING INDUSTRY
  1. Manufacturing
  2. Construction
  3. Educational services, health care, and social assistance

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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Establishments

States with more establishments in 2022
  1. California
    193
  2. Ohio
    177
  3. Illinois
    165

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

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Diversity

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

Of the total workforce, 22.6% corresponds to women and 77.4% men. Male employees tend to earn more than Female employees, with average respective salaries of $69,240 and $52,685.

76.4% of workers have a high school or equivalent, some college or bachelors degree.

Gender and Age

12,165
Women
22.6%
41,722
Men
77.4%

The workforce of Metal forgings & stampings industry in 2023 was 53,887 people, with 22.6% woman, and 77.4% men.

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

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Races

In 2023, 74.3% of the workforce in the Metal forgings & stampings industry was White (40,022 people), of which 21.5% were women and 78.5% men.

Other races that concentrated a significant number of workers were Black and Two or More Races.

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Educational Levels

The main educational levels achieved by the Metal forgings & stampings workers in 2023 were high school or equivalent (23,023 people), some college (11,210 people), and bachelors degree (6,930 people).

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

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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 −4.88% in the next ten years. The Forging and Stamping industry has a lower projected workforce growth at −4.88%. Its projected 10-year growth in output (−2.45%) is lower than the projected national growth in output (−2.45%).

Job Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Forging and Stamping.
−4.88%
Estimated Job Growth
10-year Projection
−4.88%
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 approximately the same than −4.88%, the average rate of national job growth.

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Output Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Forging and Stamping.
−2.45%
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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