Rental and Leasing Services: NAICS 532

About the Rental and Leasing Services subsector

The rental and leasing services subsector is part of the real estate and rental and leasing sector.

Industries in the Rental and Leasing Services subsector include establishments that provide a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment.

The subsector includes two main types of establishments: (1) those that are engaged in renting consumer goods and equipment and (2) those that are engaged in leasing machinery and equipment often used for business operations.

North American Industry Classification System

The rental and leasing services subsector consists of these industry groups:

  • Automotive Equipment Rental and Leasing: NAICS 5321
  • Consumer Goods Rental: NAICS 5322
  • General Rental Centers: NAICS 5323
  • Commercial and Industrial Machinery and Equipment Rental and Leasing: NAICS 5324

Workforce Statistics

This section provides information relating to employment and unemployment in rental and leasing services. 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
Dec.
2016
Jan.
2017
Feb.
2017
Mar.
2017

Employment (in thousands)

Employment, all employees (seasonally adjusted)

559.5 562.2 (p)560.7 (p)564.9

Employment, production and nonsupervisory employees

439.0 429.1 (p)427.6  

Unemployment

Unemployment rate

4.9% 8.1% 5.3% 5.0%

Footnotes
(p) Preliminary

(Source: Current Employment Statistics, Current Population Survey

Employment by Occupation

Data series Employment,
2016

Cleaners of vehicles and equipment

20,110

Counter and rental clerks

112,460

First-line supervisors/managers of retail sales workers

20,850

Retail salespersons

12,230

Truck drivers, light or delivery services

26,460

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for rental and leasing services.

(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 rental and leasing services.

Earnings and Hours of All Employees

Data series Back
data
Nov.
2016
Dec.
2016
Jan.
2017
Feb.
2017

Average hourly earnings

$24.26 $23.92 $24.11 (p)$24.17

Average weekly hours

35.6 35.3 35.9 (p)35.5

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Nov.
2016
Dec.
2016
Jan.
2017
Feb.
2017

Average hourly earnings

$19.57 $19.54 $19.80 (p)$19.71

Average weekly hours

34.8 34.8 34.6 (p)34.6

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2016
Hourly Annual
Median Mean Median Mean

Cleaners of vehicles and equipment

10.54 11.46 21,920 23,840

Counter and rental clerks

12.13 13.70 25,230 28,490

First-line supervisors/managers of retail sales workers

20.18 22.01 41,960 45,780

Retail salespersons

11.58 15.26 24,080 31,730

Truck drivers, light or delivery services

13.32 14.32 27,710 29,790

(Source: Occupational Employment 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 rental and leasing services. 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 2012 2013 2014 2015

Fatalities

Number of fatalities

14 18 29 24

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

Data series 2015

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

Total recordable cases

3.4

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

2.2

Cases involving days away from work

1.5

Cases involving days of job transfer or restriction

0.7

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

(Source: Injuries, Illnesses, and Fatalities)

Workplace Trends

This section presents data on the number of establishments in rental and leasing services.

Establishments

Data series Back
data
4th quarter
2015
1st quarter
2016
2nd quarter
2016
3rd quarter
2016

Number of establishments

Private industry

55,059 (p)54,718 (p)54,920 (p)55,026

Local government

11 (p)11 (p)11 (p)11

Federal government

1 (p)2 (p)2 (p)4

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

 

Data extracted on: April 21, 2017