Metals
manufacturing is one of Portland’s major, and oldest, industrial clusters. More
than 600 companies employ 18,800 workers manufacturing products from rebar to
engine parts, streetcars to pocket knives.
The
metals cluster is comprised of two components: primary and fabricated metals
manufacturing. Companies in the former essentially create metal from ore or
scrap that is transformed by the latter into intermediate or end products such
as sheet metal, bolts, and hinges or, in the case of Portland, chainsaws,
bridges, and knives. The fabricated metals component dominates employment and
recent job growth in this cluster.
After being hit
harder than most of the region’s other industries during the Great Recession,
metals has waged a strong comeback that outpaced the overall economy and shows
little sign of letting up. Since bottoming out in early 2010, local firms have
created 3,400 jobs; a growth rate of 21 percent. Nationally, this sector has
grown more slowly (15%).
Wages in the area’s metals industry are nearly 20 percent higher than average; $52,744 (2012) compared with $44,254 for all private-sector industries. The primary metals component ($68,610) pays more than fabricated metals ($44,960), and also more than its national counterpart ($61,616).
For a more detailed look at Portland's metals industry, read Amy Vander Vliet's full article: Portland Metro Metals Industry.
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