Pharmaceutical & medicine manufacturing

Industry Group

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Workforce

306k

2019 BLS Estimate

Average Employee Age

43.4

Estimated Job Growth

5.36%

10-Year Projection

Average Salary

$111,176

Average Male Salary

$119,288

Average Female Salary

$117,736

About

The top three occupations in the Pharmaceutical & medicine manufacturing Industry Group are Other managers, Miscellaneous production workers, including semiconductor processors, Sales representatives, wholesale & manufacturing, Other Physical Scientists, and Chemists & materials scientists. On average, full-time employees in the Pharmaceutical & medicine manufacturing Industry Group work 44.1 hours per week and have an average annual salary of $113,158. Part-time employees in the same industry work 21.3 hours and earn an average annual salary of $50,027.

The locations with the highest concentration of employees in the Pharmaceutical & medicine manufacturing Industry Group are Somerset County (South) PUMA, NJ, Middlesex County (Southwest) PUMA, NJ, and Somerset County (North & West) PUMA, NJ. The industry that purchases the most products or services from the Hospitals Industry Group is Pharmaceutical & medicine manufacturing.

Workforce

A snapshot of jobs, wages, and opportunities in the Pharmaceutical & medicine manufacturing Industry Group. Other managers are the most common position, but the Pharmaceutical & medicine manufacturing Industry Group employs a relatively high number of Chemists & materials scientists, compared to other industries.

The highest average salary in Pharmaceutical & medicine manufacturing goes to Physicians.

Monthly Employment

Start Year

Y-Axis

3.76%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 154k people employed in the Pharmaceutical and Medicine Manufacturing industry. This represents a 3.76% increase in employment when compared to May 2020.

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

Occupations by Share

306k

Workforce (BLS Estimate)

ACS Estimate: 538k

3.05%

1 Year Growth

± 4.62%

The Bureau of Labor Statistics estimates that there were 306k people employed in the Pharmaceutical & medicine manufacturing Industry Group in 2019.

According to ACS estimates, the number of people employed in the Pharmaceutical & medicine manufacturing Industry Group has been growing at a rate of 3.05%, , from 522k people in 2019 to 538k people in 2020.

The following graphic shows the share of employment in Pharmaceutical & medicine manufacturing by various occupations according to ACS estimates. Other managers represent the largest share of positions held in Pharmaceutical & medicine manufacturing at 8.46%, followed by Miscellaneous production workers, including semiconductor processors with 5.64% and Sales representatives, wholesale & manufacturing with 5.63%.

Most Common

The most common occupations in the Pharmaceutical & medicine manufacturing Industry Group, by number of employees, are Other managers, Miscellaneous production workers, including semiconductor processors, Sales representatives, wholesale & manufacturing, Other Physical Scientists, and Chemists & materials scientists.

Most Specialized

Compared to other Industry Groups, Pharmaceutical & medicine manufacturing employs an unusually high number of Chemists & materials scientists, Chemical engineers, and Chemical technicians.

Highest Paid

The highest paid occupations in Pharmaceutical & medicine manufacturing, by average wage, are Physicians, Chief executives & legislators, and Lawyers, & judges, magistrates, & other judicial workers.

Average Salary

$111,176

AVERAGE WAGE

± $3,394

On average, employees in the Pharmaceutical & medicine manufacturing Industry Group make $111,176 per year. This number makes Pharmaceutical & medicine manufacturing the 6 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Pharmaceutical & medicine manufacturing Industry Group.

Wage Distribution

0.414

WAGE GINI

Pharmaceutical & medicine manufacturing has a wage GINI of 0.414, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Pharmaceutical & medicine manufacturing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Pharmaceutical & medicine manufacturing Industry Group.

These are locations that employ more people in the Pharmaceutical & medicine manufacturing Industry Group than expected given both the size of that location's overall labor pool and the national size of the Pharmaceutical & medicine manufacturing Industry Group.

Diversity

Demographic information on the Pharmaceutical & medicine manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $119,288 and $117,736. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

248k

FEMALE WORKFORCE

±12.2k

290k

MALE WORKFORCE

±13.2k

53.9% of workers in the Pharmaceutical & medicine manufacturing Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Pharmaceutical & medicine manufacturing Industry Group.

Wage by Sex in Common Jobs

$119,288

AVERAGE MALE SALARY

±$4,987

$117,736

AVERAGE FEMALE SALARY

±$5,028

On average, Male workers in the Pharmaceutical & medicine manufacturing Industry Group make 1.01 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Pharmaceutical & medicine manufacturing Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
American Indian

On average, Asian employees in the Pharmaceutical & medicine manufacturing Industry Group earn 1.08 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 Pharmaceutical & medicine manufacturing Industry Group.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Pharmaceutical & medicine manufacturing 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 Pharmaceutical & medicine manufacturing Industry Group, and the largest industry purchasing services from the Pharmaceutical & medicine manufacturing 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 Pharmaceutical & medicine manufacturing is from Manufacturing.

Intermediate Inputs

The closest comparable data for Pharmaceutical & medicine manufacturing is from Manufacturing.

HIGHEST INPUT INDUSTRY

The Pharmaceutical & medicine manufacturing 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 Pharmaceutical & medicine manufacturing is from Manufacturing.

LARGEST PURCHASING INDUSTRY

The Manufacturing Industry purchases the greatest share of products and services from the Pharmaceutical & medicine manufacturing Industry Group in order to produce other goods and services. Purchases of the Pharmaceutical & medicine manufacturing Industry Group for final consumption by consumers, businesses, or government are not included here.

Projections

Growth projections of the Pharmaceutical and medicine manufacturing 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 Pharmaceutical and medicine manufacturing industry has a lower projected workforce growth at 5.36%. Its projected 10-year growth in output (19.9%) 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 Pharmaceutical and medicine manufacturing.

5.36%

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 Pharmaceutical and medicine manufacturing. This industry is expected to grow less than than 7.66%, the average rate of national job growth.