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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	Dec. 2023	Jan. 2024	Feb. 2024	Mar. 2024
Employment (in thousands)
Employment, all employees (seasonally adjusted)	599.7	597.5	(p)597.1	(p)595.3
Employment, production and nonsupervisory employees	482.6	469.3	(p)467.2
Unemployment
Unemployment rate	5.6%	2.5%	2.1%	2.0%
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	Nov. 2023	Dec. 2023	Jan. 2024	Feb. 2024
Average hourly earnings	$30.40	$30.51	$30.71	(p)$30.45
Average weekly hours	34.3	33.7	33.4	(p)33.6
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees


Data series	Nov. 2023	Dec. 2023	Jan. 2024	Feb. 2024
Average hourly earnings	$25.77	$25.76	$25.42	(p)$25.92
Average weekly hours	32.7	32.3	32.2	(p)32.6
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	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	4th quarter 2022	1st quarter 2023	2nd quarter 2023	3rd quarter 2023
Number of establishments
Private industry	56,893	(p)57,171	(p)57,899	(p)58,621
Local government	7	(p)7	(p)7	(p)7
Federal government	6	(p)6	(p)5	(p)6
Footnotes (p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Data extracted on: April 24, 2024