Recently released data from the U.S. Census Bureau’s 2012 Economic census shows that the value of household appliance manufacturing shipments dropped 10.8% to $4.3 billion, down from nearly $5 billion in 2007.
The drop in shipping value comes along with other decreases in the industry — including a decrease in the number of people it employed in 2007.
The number of people employed by cooking appliance makers is down 34%, similar to the drop seen among small electrical appliance manufacturers. Both are lower than the 38% decrease in employees at companies that make refrigerators and freezers.
Though there are fewer workers making cooking appliances and small electrical appliances the average employee in both industries is making more money.
Among cooking appliance manufacturers, the average payroll per employee is at $37,143—a 23% increase over a 2007 employee’s salary of $30,199. With small electrical appliance manufacturers, employees are making $39,014 per year, which is a 15.8% increase over 2007.
Overall, shipment value decreased 10.8% for cooking appliance manufacturers to $4.3 billion, a little lower than the 13.9% decrease in shipping value among small electrical appliance makers. Both fared better than fridge and freezer makers, who saw a 36.8% decrease in shipping value — $from $5.8 billion in 2007 to $3.6 billion in 2012.