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Computer and Electronic Product Manufacturing: NAICS 334

About the Computer and Electronic Product Manufacturing subsector

The computer and electronic product manufacturing subsector is part of the manufacturing sector.

Industries in the Computer and Electronic Product Manufacturing subsector group establishments that manufacture computers, computer peripherals, communications equipment, and similar electronic products, and establishments that manufacture components for such products. The Computer and Electronic Product Manufacturing industries have been combined in the hierarchy of NAICS because of the economic significance they have attained. Their rapid growth suggests that they will become even more important to the economies of all three North American countries in the future, and in addition their manufacturing processes are fundamentally different from the manufacturing processes of other machinery and equipment. The design and use of integrated circuits and the application of highly specialized miniaturization technologies are common elements in the production technologies of the computer and electronic subsector.

North American Industry Classification System

The computer and electronic product manufacturing subsector consists of these industry groups:

  • Computer and Peripheral Equipment Manufacturing: NAICS 3341
  • Communications Equipment Manufacturing: NAICS 3342
  • Audio and Video Equipment Manufacturing: NAICS 3343
  • Semiconductor and Other Electronic Component Manufacturing: NAICS 3344
  • Navigational, Measuring, Electromedical, and Control Instruments Manufacturing: NAICS 3345
  • Manufacturing and Reproducing Magnetic and Optical Media: NAICS 3346

Workforce Statistics

This section provides information relating to employment and unemployment in computer and electronic product manufacturing. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. The following tables present an overview of the industry including the number of jobs, the unemployment rate of those previously employed in the industry, data for occupations common to the industry, and projections of occupational employment change.

Employment and Unemployment

Data series Back
data
Mar.
2024
Apr.
2024
May
2024
Jun.
2024

Employment (in thousands)

Employment, all employees (seasonally adjusted)

1,103.2 1,100.7 (p)1,101.1 (p)1,100.3

Employment, production and nonsupervisory employees (seasonally adjusted)

676.6 672.9 (p)673.9 (p)675.0

Unemployment

Unemployment rate

1.0% 0.7% 2.2% 2.1%

Footnotes
(p) Preliminary

(Source: Current Employment Statistics, Current Population Survey

Employment by Occupation

Data series Employment,
2023

Computer hardware engineers

23,020

Electrical and electronic engineering technicians

23,680

Electrical and electronic equipment assemblers

115,330

Semiconductor processors

25,370

(Source: Occupational Employment and Wage Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for computer and electronic product manufacturing.

(Source: Office of Occupational Statistics and Employment Projections)

Earnings and Hours

This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours are shown. In addition, recent hourly and annual earnings are shown for occupations commonly found in computer and electronic product manufacturing.

Earnings and Hours of All Employees

Data series Back
data
Mar.
2024
Apr.
2024
May
2024
Jun.
2024

Average hourly earnings

$43.23 $43.82 (p)$44.03 (p)$44.59

Average weekly hours

39.4 39.5 (p)39.7 (p)39.3

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Mar.
2024
Apr.
2024
May
2024
Jun.
2024

Average hourly earnings

$33.23 $33.78 (p)$33.78 (p)$34.05

Average weekly hours

39.7 39.6 (p)39.9 (p)39.5

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2023
Hourly Annual
Median Mean Median Mean

Computer hardware engineers

$65.19 $72.29 $135,600 $150,360

Electrical and electronic engineering technicians

$30.74 $33.25 $63,940 $69,150

Electrical and electronic equipment assemblers

$18.79 $20.66 $39,070 $42,980

Semiconductor processors

$22.04 $23.40 $45,840 $48,670

(Source: Occupational Employment and Wage Statistics)

Work-related Fatalities, Injuries, and Illnesses

This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in computer and electronic product manufacturing. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.

Data series 2019 2020 2021 2022

Fatalities

Number of fatalities

8 4 4 8

Blank cells indicate no data reported or data that do not meet publication criteria.

Data series 2022

Rate of injury and illness cases per 100 full-time workers

Total recordable cases

1.1

Cases involving days away from work, job restriction, or transfer

0.6

Cases involving days away from work

0.4

Cases involving days of job transfer or restriction

0.2

Blank cells indicate no data reported or data that do not meet publication criteria.

(Source: Injuries, Illnesses, and Fatalities)

Prices

This section provides industry-specific pricing information. The producer price index measures the percentage change in prices that domestic producers receive for goods and services. The prices included in the producer price index are from the first commercial transaction. The import price index reflects the percentage change in prices paid to foreign producers for their goods and services within the U.S., while the export price index measures the percentage change in prices received by U.S. producers for goods and services sold outside the U.S.

Data series Back
data
Mar.
2024
Apr.
2024
May
2024
Jun.
2024

Producer price index

(p)101.665 (p)101.932 (p)101.876 (p)101.682

Percent change from previous month

  (p)0.2% (p)0.3% (p)-0.1% (p)-0.2%

Import index

72.1 (r)72.2 (r)72.1 72.1

Percent change from previous month

  -0.1% (r)0.1% (r)-0.1% (r)0.0%

Export index

83.3 83.4 (r)83.7 83.6

Percent change from previous month

  0.1% 0.1% (r)0.4% (r)-0.1%

Footnotes
(p) Preliminary
(r) Revised

(Source: Producer Price Indexes, International Price Program)

Workplace Trends

This section presents data on the number of establishments in computer and electronic product manufacturing. Also included in this section is information on productivity, presented as the rate of change in output per hour of workers in the industry.

Establishments

Data series Back
data
1st quarter
2023
2nd quarter
2023
3rd quarter
2023
4th quarter
2023

Number of establishments

Private industry

(p)24,960 (p)25,266 (p)25,621 (p)25,811

Local government

(p)4 (p)4 (p)3 (p)3

State government

(p)1 (p)1 (p)1 (p)1

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

Data series Back
data
2020 2021 2022 2023

Labor productivity index, output per hour

99.033 105.407 100.772 100.236

Percent change from previous year

-0.4 6.4 -4.4 -0.5

Labor index, total labor hours

99.488 99.118 102.319 101.756

Percent change from previous year

-3.0 -0.4 3.2 -0.6

Output index

98.526 104.477 103.109 101.995

Percent change from previous year

-3.4 6.0 -1.3 -1.1

Unit labor costs index

103.320 99.226 104.408 111.019

Percent change from previous year

3.0 -4.0 5.2 6.3

(Source: Productivity and Costs)

 

Data extracted on: July 19, 2024