Credit Intermediation and Related Activities: NAICS 522

About the Credit Intermediation and Related Activities subsector

The credit intermediation and related activities subsector is part of the finance and insurance sector.

Industries in the Credit Intermediation and Related Activities subsector group establishments that (1) lend funds raised from depositors; (2) lend funds raised from credit market borrowing; or (3) facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, and check cashing services.

North American Industry Classification System

The credit intermediation and related activities subsector consists of these industry groups:

  • Depository Credit Intermediation: NAICS 5221
  • Nondepository Credit Intermediation: NAICS 5222
  • Activities Related to Credit Intermediation: NAICS 5223

Workforce Statistics

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

Employment

Data series Back
data
May
2014
Jun.
2014
Jul.
2014
Aug.
2014

Employment (in thousands)

 

Employment, all employees (seasonally adjusted)

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2,569.8 2,571.7 (P) 2,570.5 (P) 2,571.0

Employment, production and nonsupervisory employees

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1,887.5 1,899.5 (P) 1,909.9  

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2013

Customer service representatives

214,020

Financial managers

92,380

Loan interviewers and clerks

170,170

Loan officers

255,570

Tellers

516,820

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for credit intermediation and related activities.

(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 credit intermediation and related activities. 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.

Earnings and Hours of All Employees

Data series Back
data
Apr.
2014
May
2014
Jun.
2014
Jul.
2014

Average hourly earnings

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$27.08 $27.35 $27.92 (P) $27.75

Average weekly hours

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37.6 37.6 38.7 (P) 37.6

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Apr.
2014
May
2014
Jun.
2014
Jul.
2014

Average hourly earnings

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$20.76 $20.94 $21.05 (P) $21.12

Average weekly hours

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36.5 36.4 37.8 (P) 36.6

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2013
Hourly Annual
Median Mean Median Mean

Customer service representatives

$15.29 $16.01 $31,810 $33,300

Financial managers

$44.28 $52.92 $92,100 $110,070

Loan interviewers and clerks

$17.19 $17.56 $35,750 $36,520

Loan officers

$28.88 $33.69 $60,070 $70,080

Tellers

$12.20 $12.62 $25,380 $26,240

(Source: Occupational Employment Statistics)

Employer Compensation Costs

Data series Back
data
3rd quarter
2013
4th quarter
2013
1st quarter
2014
2nd quarter
2014

12-month percent change

 

Total compensation

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2.3% 2.0% 1.3% 1.5%

Wages and salaries

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2.2% 1.9% 1.1% 0.9%

(Source: Compensation Cost Trends)



Data series Back
data
2nd quarter 2014
Compensation component
($ per hour worked)
Percent of total compensation

Compensation costs

 

Total compensation

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37.62 100.0

Wages and salaries

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25.15 66.8

Total benefits

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12.47 33.2

Insurance

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3.50 9.3

Retirement

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1.53 4.1

(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 credit intermediation and related activities. 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 2010 2011 2012 2013

Fatalities

 

Number of fatalities

12 23 7 (P) 12

Rate of injury and illness cases per 100 full-time workers

 

Total recordable cases

0.9 1.1 0.9  

Cases involving days away from work, job restriction, or transfer

0.3 0.3 0.3  

Cases involving days away from work

0.2 0.3 0.2  

Cases involving days of job transfer or restriction

0.1 0.1    

Footnotes
(P) Preliminary

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 credit intermediation and related activities.

Establishments

Data series Back
data
2nd quarter
2013
3rd quarter
2013
4th quarter
2013
1st quarter
2014

Number of establishments

 

Private industry

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179,746 179,658 180,361 (P) 180,553

Local government

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25 25 24 (P) 24

State government

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23 23 26 (P) 22

Federal government

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698 695 652 (P) 640

Footnotes
(P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Other BLS Resources

Career Guide to Industries

See banking in the Career Guide to Industries.

 

Data extracted on: September 19, 2014