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Industries at a Glance
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Warehousing and Storage: NAICS 493
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About the Warehousing and Storage subsector
The warehousing and storage subsector is part of the transportation and warehousing sector.
Industries in the Warehousing and Storage subsector are primarily engaged in operating warehousing and storage facilities for general merchandise, refrigerated goods, and other warehouse products. These establishments provide facilities to store goods. They do not sell the goods they handle. These establishments take responsibility for storing the goods and keeping them secure. They may also provide a range of services, often referred to as logistics services, related to the distribution of goods. Logistics services can include labeling, breaking bulk, inventory control and management, light assembly, order entry and fulfillment, packaging, pick and pack, price marking and ticketing, and transportation arrangement. However, establishments in this industry group always provide warehousing or storage services in addition to any logistic services. Furthermore, the warehousing or storage of goods must be more than incidental to the performance of services, such as price marking.
North American Industry Classification System
The warehousing and storage subsector consists of a single industry group, Warehousing and Storage: NAICS 4931.
Workforce Statistics
This section provides information relating to employment in warehousing and storage. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, data for occupations common to the industry, and projections of occupational employment change.
Employment
| Data series | Back data |
Dec. 2023 |
Jan. 2024 |
Feb. 2024 |
Mar. 2024 |
|---|---|---|---|---|---|
Employment (in thousands) |
|||||
Employment, all employees (seasonally adjusted) |
|
1,766.9 | 1,767.3 | (p)1,762.7 | (p)1,757.2 |
|
|
1,616.8 | 1,579.3 | (p)1,575.9 | ||
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Employment by Occupation
| Data series | Employment, 2023 |
|---|---|
| 286,230 | |
| 445,780 | |
| 72,420 | |
| 451,860 | |
| 20,810 |
(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 warehousing and storage.
(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 warehousing and storage.
Earnings and Hours of All Employees
| Data series | Back data |
Nov. 2023 |
Dec. 2023 |
Jan. 2024 |
Feb. 2024 |
|---|---|---|---|---|---|
|
|
$24.06 | $24.38 | $24.70 | (p)$24.70 | |
|
|
42.2 | 42.0 | 39.6 | (p)39.0 | |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Earnings and Hours of Production and Nonsupervisory Employees
| Data series | Back data |
Nov. 2023 |
Dec. 2023 |
Jan. 2024 |
Feb. 2024 |
|---|---|---|---|---|---|
|
|
$23.58 | $23.33 | $23.38 | (p)$23.77 | |
|
|
41.1 | 40.4 | 37.7 | (p)37.2 | |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Earnings by Occupation
| Data series | Wages, 2023 | |||
|---|---|---|---|---|
| Hourly | Annual | |||
| Median | Mean | Median | Mean | |
| 22.52 | 23.13 | 46,850 | 48,120 | |
| 19.76 | 20.30 | 41,100 | 42,230 | |
| 20.93 | 21.47 | 43,530 | 44,650 | |
| 19.45 | 21.13 | 40,450 | 43,950 | |
| 46.36 | 50.37 | 96,430 | 104,760 | |
(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 warehousing and storage. 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 |
||||
| 24 | 21 | 46 | 50 | |
|
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 |
|
| 5.5 | |
Cases involving days away from work, job restriction, or transfer |
4.7 |
| 2.2 | |
| 2.5 | |
|
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.
| Data series | Back data |
Dec. 2023 |
Jan. 2024 |
Feb. 2024 |
Mar. 2024 |
|---|---|---|---|---|---|
|
|
(p)144.112 | (p)144.981 | (p)149.261 | (p)151.005 | |
Percent change from previous month |
(p)-0.1% | (p)0.6% | (p)3.0% | (p)1.2% | |
|
Footnotes |
|||||
(Source: Producer Price Indexes)
Workplace Trends
This section presents data on the number of establishments in warehousing and storage.
Establishments
| Data series | Back data |
4th quarter 2022 |
1st quarter 2023 |
2nd quarter 2023 |
3rd quarter 2023 |
|---|---|---|---|---|---|
Number of establishments |
|||||
|
|
21,604 | (p)21,777 | (p)21,975 | (p)22,124 | |
|
|
248 | (p)248 | (p)248 | (p)249 | |
|
|
6 | (p)6 | (p)6 | (p)6 | |
|
|
10 | (p)10 | (p)10 | (p)10 | |
|
Footnotes |
|||||
(Source: Quarterly Census of Employment and Wages)
Data extracted on: April 16, 2024