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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
Jun.
2024
Jul.
2024
Aug.
2024
Sep.
2024

Employment (in thousands)

Employment, all employees (seasonally adjusted)

588.2 583.5 (p)588.0 (p)584.2

Employment, production and nonsupervisory employees

487.0 486.2 (p)488.0  

Unemployment

Unemployment rate

8.9% 3.5% 5.6% 0.7%

Footnotes
(p) Preliminary

(Source: Current Employment Statistics, Current Population Survey

Employment by Occupation

Data series Employment,
2023

Cleaners of vehicles and equipment

27,690

Counter and rental clerks

90,130

First-line supervisors/managers of retail sales workers

13,770

Retail salespersons

8,230

Truck drivers, light or delivery services

25,000

(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 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
May
2024
Jun.
2024
Jul.
2024
Aug.
2024

Average hourly earnings

$30.83 $31.14 $31.01 (p)$31.15

Average weekly hours

33.9 33.9 33.8 (p)33.8

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
May
2024
Jun.
2024
Jul.
2024
Aug.
2024

Average hourly earnings

$26.60 $26.70 $26.69 (p)$26.61

Average weekly hours

33.4 33.5 33.4 (p)33.4

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2023
Hourly Annual
Median Mean Median Mean

Cleaners of vehicles and equipment

16.61 16.51 34,550 34,350

Counter and rental clerks

17.47 18.70 36,340 38,890

First-line supervisors/managers of retail sales workers

26.66 28.17 55,450 58,600

Retail salespersons

17.37 19.55 36,120 40,660

Truck drivers, light or delivery services

18.36 19.91 38,180 41,400

(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 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 2019 2020 2021 2022

Fatalities

Number of fatalities

26   23 23

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

3.3

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

2.2

Cases involving days away from work

1.6

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
2nd quarter
2023
3rd quarter
2023
4th quarter
2023
1st quarter
2024

Number of establishments

Private industry

57,863 58,336 58,703 (p)59,357

Local government

7 7 7 (p)7

Federal government

5 6 6 (p)7

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

 

Data extracted on: October 31, 2024