Management of Companies and Enterprises: NAICS 55

About the Management of Companies and Enterprises sector

The management of companies and enterprises sector is part of the professional and business services supersector.

The management of companies and enterprises sector consists of a single subsector, Management of Companies and Enterprises: NAICS 551. Data published under either the sector or subsector classification are included in the tables below. The subsector consists of a single industry group, Management of Companies and Enterprises: NAICS 5511.

Workforce Statistics

This section provides information relating to employment in management of companies and enterprises. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, mass layoffs, data for occupations common to the industry, and projections of occupational employment change.

Employment and Layoffs

Data series	Back data	May 2012	Jun. 2012	Jul. 2012	Aug. 2012
Employment (in thousands)
Employment, all employees (seasonally adjusted)		1,944.9	1,948.6	(P) 1,952.3	(P) 1,952.7
Employment, production and nonsupervisory employees		1,322.6	1,343.1	(P) 1,347.0
Layoffs
Mass layoff events		4	5	(1) -	8
Initial claimants for unemployment benefits		516	731	(1) -	721
Footnotes (1) Data do not meet BLS or state agency disclosure standards. (P) Preliminary

(Source: Current Employment Statistics, Mass Layoff Statistics)

Extended Mass Layoffs

Data series	Back data	3rd quarter 2011	4th quarter 2011	1st quarter 2012	2nd quarter 2012
Extended mass layoff events		6	6	(P) 12	(P) 8
Separations		510	991	(P) 1,871	(P) 834
Initial claimants		1,260	1,194	(P) 1,824	(P) 805
Footnotes (P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation

Data series	Employment, 2011
Accountants and auditors	78,040
Bookkeeping, accounting, and auditing clerks	76,910
Financial managers	51,120
First-line supervisors/managers of office and administrative support workers	44,700
General and operations managers	72,800

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for management of companies and enterprises.

(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 management of companies and enterprises.

Earnings and Hours of All Employees

Data series	Back data	Apr. 2012	May 2012	Jun. 2012	Jul. 2012
Average hourly earnings		$34.90	$34.77	$34.65	(P) $35.13
Average weekly hours		38.7	37.7	37.9	(P) 38.5
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series	Back data	Apr. 2012	May 2012	Jun. 2012	Jul. 2012
Average hourly earnings		$24.69	$24.51	$24.51	(P) $24.79
Average weekly hours		38.0	37.4	37.6	(P) 38.1
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series	Wages, 2011
	Hourly		Annual
	Median	Mean	Median	Mean
Accountants and auditors	$30.67	$33.72	$63,790	$70,150
Bookkeeping, accounting, and auditing clerks	$17.16	$17.82	$35,690	$37,070
Financial managers	$58.48	$65.97	$121,640	$137,220
First-line supervisors/managers of office and administrative support workers	$26.87	$28.47	$55,880	$59,220
General and operations managers	$58.89	$67.73	$122,500	$140,870

(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 management of companies and enterprises. 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	2007	2008	2009	2010
Fatalities
Number of fatalities	4
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	1.9	1.6	1.7	1.5
Cases involving days away from work, job restriction, or transfer	0.9	0.7	0.8	0.7
Cases involving days away from work	0.5	0.4	0.4	0.4
Cases involving days of job transfer or restriction	0.4	0.3	0.4	0.3
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 management of companies and enterprises.

Establishments

Data series	Back data	2nd quarter 2011	3rd quarter 2011	4th quarter 2011	1st quarter 2012
Number of establishments
Private industry		53,525	53,722	53,908	(P) 55,858
Local government
Footnotes (P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Other BLS Resources

The Editor's Desk

See industry studies in the subject matter index of The Editor's Desk (Current Edition).

Career Guide to Industries

To learn about careers from an industry perspective, see the Career Guide to Industries.

 

Data extracted on: September 27, 2012