Warehouse Storage: One of the Nation’s Fastest-growing IndustriesOctober 22, 2012
According to a recent article from EconomicModeling.com, warehousing and storage is one of the nation’s fastest-growing industries, with 38% growth since 2001. Using Analyst (EMSI’s web-based labor market analysis tool) Economic Modeling was able to study data from EMSI’s 2012.
The biggest spurts hit in 2003-2004 and 2005-2006. Since its 4.5% dive in 2008-2009, the industry has climbed back up 4.8%, mostly in 2011-2012.
The U.S. currently has an estimated 750,000 warehousing & storage jobs, with annual earnings per job averaging at $45,000. Male workers are a majority (63%). Nearly a quarter of workers are ages 45-54 and another 17.6% are 55 and older.
Other interesting highlights from the article:
- The industry has the biggest presence in California (80,568 jobs), Pennsylvania (61,591), Texas (60,433),Illinois (47,651), and Ohio (40,930).
- It is scarcest in Washington, D.C. (90 jobs), North Dakota (465), Montana (623), and Alaska (673).
- Wyoming (533%), Texas (153%), and Pennsylvania (108%) have seen the biggest growth in jobs, but all except for seven states have grown at least a bit. The lowest is Missouri at 4%.