Real Estate and Rental and Leasing: NAICS 53
About the Real Estate and Rental and Leasing sector
The real estate and rental and leasing sector is part of the financial activities supersector.
The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.
This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and it was felt that from a production basis they would best be included here. In addition, a substantial proportion of property management is self-performed by lessors.
The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).
North American Industry Classification System
The real estate and rental and leasing sector consists of these subsectors:
NOTE: There was a change in the definition of this subsector between NAICS 2002 and NAICS 2007. Some of the data below reflect the 2002 definition and some reflect the 2007 definition. See the BLS
implementation schedule for NAICS 2007 to find out which BLS programs have already implemented NAICS 2007.
Workforce Statistics
This section provides information relating to employment and unemployment in real estate and rental and leasing.
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,
job openings and labor turnover,
union membership and representation,
mass layoffs,
data for occupations common to the industry,
and projections of occupational employment change.
Employment, Unemployment, Layoffs, and Openings, Hires, and Separations
(Source: Current Employment Statistics, Current Population Survey, Mass Layoff Statistics, Job Openings and Labor Turnover Survey)
Union Membership and Representation
| Data series |
Back
data |
2008 |
2009 |
2010 |
2011 |
Union membership and representation |
|
Members of unions (percent of wage and salary workers) |
|
3.3% |
3.0% |
4.1% |
3.4% |
Represented by unions (percent of wage and salary workers) |
|
4.0% |
3.6% |
4.9% |
4.0% |
(Source: Current Population Survey)
Extended Mass Layoffs
(Source: Mass Layoff Statistics)
Employment by Occupation
(Source: Occupational Employment Statistics)
Projections
For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for real estate and rental and leasing.
(Source: Office of Occupational Statistics and Employment Projections)
Earnings
Weekly earnings by union membership status are shown. Recent hourly and annual earnings for occupations commonly found in educational services. This section also contains information on the average cost of benefits paid by employers, as well as recent rates of change in wages and total compensation.
Union Membership and Representation
(Source: Current Population Survey)
Earnings by Occupation
| Data series |
Wages, 2011 |
| Hourly |
Annual |
| Median |
Mean |
Median |
Mean |
Counter and rental clerks |
$11.29 |
$12.50 |
$23,470 |
$26,010 |
Maintenance and repair workers, general |
|
|
|
|
Property, real estate, and community association managers |
$23.97 |
$29.05 |
$49,870 |
$60,430 |
Real estate brokers |
$28.40 |
$40.54 |
$59,080 |
$84,330 |
Real estate sales agents |
$18.05 |
$23.86 |
$37,550 |
$49,630 |
(Source: Occupational Employment Statistics)
Employer Compensation Costs
| Data series |
Back
data |
3rd quarter
2011 |
4th quarter
2011 |
1st quarter
2012 |
2nd quarter
2012 |
12-month percent change |
|
Total compensation |
|
3.4% |
3.2% |
2.4% |
2.9% |
Wages and salaries |
|
3.1% |
2.8% |
2.1% |
2.4% |
(Source: Compensation Cost Trends)
(Source: Compensation Cost Trends)
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 real estate and rental and leasing. 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.
(Source: Injuries, Illnesses, and Fatalities)
Workplace Trends
This section presents data on the number of establishments in real estate and rental and leasing.
Establishments
(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
