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
May
2019
Jun.
2019
Jul.
2019
Aug.
2019

Employment (in thousands)

Employment, all employees (seasonally adjusted)

592.0 590.8 (p)590.8 (p)591.4

Employment, production and nonsupervisory employees

480.1 494.0 (p)496.5  

Unemployment

Unemployment rate

3.4% 4.1% 1.7% 2.8%

Footnotes
(p) Preliminary

(Source: Current Employment Statistics, Current Population Survey

Employment by Occupation

Data series Employment,
2018

Cleaners of vehicles and equipment

22,670

Counter and rental clerks

103,780

First-line supervisors/managers of retail sales workers

19,130

Retail salespersons

10,500

Truck drivers, light or delivery services

27,130

(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
Apr.
2019
May
2019
Jun.
2019
Jul.
2019

Average hourly earnings

$26.86 $26.75 $26.67 (p)$26.81

Average weekly hours

38.1 38.4 38.7 (p)38.2

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Apr.
2019
May
2019
Jun.
2019
Jul.
2019

Average hourly earnings

$21.63 $21.77 $21.51 (p)$21.59

Average weekly hours

37.4 37.8 38.1 (p)37.4

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2018
Hourly Annual
Median Mean Median Mean

Cleaners of vehicles and equipment

11.70 12.58 24,340 26,160

Counter and rental clerks

12.83 14.44 26,680 30,040

First-line supervisors/managers of retail sales workers

20.04 22.25 41,680 46,290

Retail salespersons

12.25 15.94 25,480 33,150

Truck drivers, light or delivery services

14.37 15.41 29,880 32,040

(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 2014 2015 2016 2017

Fatalities

Number of fatalities

29 24 26 22

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

Data series 2017

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

Total recordable cases

3.2

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

2.0

Cases involving days away from work

 

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
2018
3rd quarter
2018
4th quarter
2018
1st quarter
2019

Number of establishments

Private industry

54,759 55,023 55,275 (p)55,368

Local government

7 7 7 (p)7

Federal government

5 5 3 (p)2

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

 

Data extracted on: September 13, 2019