The following is a cross-post from the U.S. Census Bureau's America Counts Blog
It’s no secret the manufacturing sector has a major impact on the U.S. economy. But just how big of an impact will be recognized on Manufacturing Day on October 4, 2019.
Manufacturing Day is held annually on the first Friday in October to showcase the contributions of this key economic sector and events are happening all week across the country.
To highlight modern manufacturing careers, companies and educational institutions are encouraged to open their doors to students, parents, teachers and community leaders.
The U.S. Census Bureau is joining the celebration by providing statistics throughout this week that inform businesses and policymakers. Collectively, the data paint a picture of the state of this vital economic sector.
So how does manufacturing compare to other industries?
Using the average annual payroll per employee by sector within 2016 County Business Patterns, we see that the manufacturing sector has an average annual payroll by employee of $57,266.
In addition, the manufacturing sector employed 11.6 million workers in the United States in 2016
Where Manufacturing Jobs Are
Wisconsin, Indiana and Iowa had the highest percentage of manufacturing employment of working-age population.
These workers are not only highly skilled, but extremely well-educated. According to the Census Bureau’s 2016 Current Population Survey, 29.8% of manufacturing employees ages 25 and older had a bachelor’s degree or higher.
Manufacturing and Exports
How does manufacturing contribute to exports?
According to the Census Bureau’s Preliminary Profile of US Exporting Companies in 2017, nearly five in 10 U.S. exporting dollars come from manufacturers.
Quarterly Financial Report
The Quarterly Financial Report (QFR) provides quarterly statistics, such as sales and after-tax profits. It provides data on all manufacturing industries, for both nondurable and durable goods manufacturers.
M3 = Shipments, Inventories & Orders
Manufacturing-related economic indicators also include M3 (Manufacturers’ Shipments, Inventories & Orders), which provides an even more detailed picture of the manufacturing landscape in the United States.
For more information on additional valuable manufacturing data products, visit the the Census Bureau's Manufacturing Day home page.