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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	Aug. 2024	Sep. 2024	Oct. 2024	Nov. 2024
Employment (in thousands)
Employment, all employees (seasonally adjusted)	1,097.2	1,096.7	(p)1,093.2	(p)1,089.2
Employment, production and nonsupervisory employees (seasonally adjusted)	674.7	676.9	(p)676.6	(p)669.4
Unemployment
Unemployment rate	1.8%	3.2%	4.6%	3.1%
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	Aug. 2024	Sep. 2024	Oct. 2024	Nov. 2024
Average hourly earnings	$45.10	$45.30	(p)$45.69	(p)$45.68
Average weekly hours	39.4	39.5	(p)39.4	(p)39.3
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees


Data series	Aug. 2024	Sep. 2024	Oct. 2024	Nov. 2024
Average hourly earnings	$34.73	$35.17	(p)$35.51	(p)$35.59
Average weekly hours	39.5	39.4	(p)39.4	(p)39.3
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	2023
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	0.9
Cases involving days away from work, job restriction, or transfer	0.5
Cases involving days away from work	0.3
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	Jul. 2024	Aug. 2024	Sep. 2024	Oct. 2024
Producer price index	(p)101.871	(p)101.978	(p)102.336	(p)102.719
Percent change from previous month	(p)-0.2%	(p)0.1%	(p)0.4%	(p)0.4%
Import index	(r)72.2	72.3	72.4	72.5
Percent change from previous month	(r)0.1%	(r)0.1%	0.1%	0.1%
Export index	83.1	(r)82.6	82.7	82.8
Percent change from previous month	-0.2%	(r)-0.6%	(r)0.1%	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	3rd quarter 2023	4th quarter 2023	1st quarter 2024	2nd quarter 2024
Number of establishments
Private industry	25,533	25,732	(p)26,080	(p)26,361
Local government	3	3	(p)3	(p)3
State government	1	1	(p)2	(p)2
Footnotes (p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

This section presents productivity and related data for the industry, presented as the percent change from the previous year. Measures of labor productivity, or output per hour, compare the growth in output to the growth in hours worked. Growth in unit labor costs represent the annual change in the labor cost of producing one unit of output.


Data series	2020	2021	2022	2023
Labor productivity, output per hour	-0.4	6.4	-4.0	-0.6
Hours worked	-3.0	-0.4	3.2	-0.6
Output	-3.4	6.0	-0.9	-1.2
Unit labor costs	2.9	-3.9	4.8	6.5

(Source: Productivity)

Data extracted on: December 10, 2024