U.S. Manufacturing Cost Estimates by NAICS and SOC Categories

A National Institute of Standards and Technology tool estimates costs for U.S. manufacturers, categorized by standardized systems like NAICS and SOC. It supports gauging potential returns on research projects aimed at cost reductions in areas like labor, materials, and energy. The dataset is designed to answer specific cost questions for manufacturing industry research.

Use Cases

• Estimate total manufacturer spending on engineering labor using Standard Occupational Classification (SOC) categories.
• Analyze material costs, such as steel expenditure, across different North American Industry Classification System (NAICS) sectors.
• Assess energy consumption costs for machine operation to model the impact of efficiency research projects.
• Compare lighting energy costs across manufacturing facilities to prioritize sustainability initiatives.

Strengths

• Data is structured using standardized classification systems like NAICS and SOC, enabling industry and occupational analysis.
• Produced by the authoritative National Institute of Standards and Technology (NIST).
• Specifically designed to answer targeted cost questions for manufacturing research, as outlined in the description.

Limitations

• The underlying data volume (rows, columns) and specific file formats are unknown, limiting assessment of analytical scale.
• Cost estimates are modeled, not actual reported expenditures, which may introduce methodological uncertainty.
• Last update was in July 2022, so estimates may not reflect recent economic conditions.

Provenance

Source

National Institute of Standards and Technology

Collection Method

Tool for estimating manufacturing costs; specific gathering methodology not detailed.

Freshness

Last updated 2022-07-29.

Geography

United States