Securities, Commodity Contracts, and Other Financial Investments and Related Activities: NAICS 523

About the Securities, Commodity Contracts, and Other Financial Investments and Related Activities subsector

The securities, commodity contracts, and other financial investments and related activities subsector is part of the finance and insurance sector.

The securities, commodity contracts, and other financial investments and related activities subsector consists of these industry groups:

• Securities and Commodity Contracts Intermediation and Brokerage: NAICS 5231
• Securities and Commodity Exchanges: NAICS 5232
• Other Financial Investment Activities: NAICS 5239

Workforce Statistics

This section provides information relating to employment in securities, commodity contracts, and other financial investments 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, mass layoffs, data for occupations common to the industry, and projections of occupational employment change.

Employment and Layoffs

Data series	Back data	Oct. 2011	Nov. 2011	Dec. 2011	Jan. 2012
Employment (in thousands)
Employment, all employees (seasonally adjusted)		807.1	805.1	(P) 802.6	(P) 799.7
Employment, production and nonsupervisory employees		605.1	603.0	(P) 604.3
Layoffs
Mass layoff events		(1) -	(1) -	6
Initial claimants for unemployment benefits		(1) -	(1) -	350
Footnotes (1) Data do not meet BLS or state agency disclosure standards. (P) Preliminary

(Source: Current Employment Statistics, Mass Layoff Statistics)

Extended Mass Layoffs

Data series	Back data	1st quarter 2011	2nd quarter 2011	3rd quarter 2011	4th quarter 2011
Extended mass layoff events		(1) -	(1) -	(P) 4	(P) 3
Separations		(1) -	(1) -	(P) 718	(P) 918
Initial claimants		(1) -	(1) -	(P) 514	(P) 652
Footnotes (1) Data do not meet BLS or state agency disclosure standards. (P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation

Data series	Employment, 2010
Brokerage clerks	46,850
Financial analysts	52,850
Financial managers	30,180
Personal financial advisors	92,020
Securities, commodities, and financial services sales agents	158,280

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for securities, commodity contracts, and other financial investments 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 securities, commodity contracts, and other financial investments and related activities.

Earnings and Hours of All Employees

Data series	Back data	Sep. 2011	Oct. 2011	Nov. 2011	Dec. 2011
Average hourly earnings		$41.77	$43.63	$43.22	(P) $42.75
Average weekly hours		38.0	39.8	38.0	(P) 38.1
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series	Back data	Sep. 2011	Oct. 2011	Nov. 2011	Dec. 2011
Average hourly earnings		$32.53	$32.63	$32.95	(P) $33.01
Average weekly hours		36.6	38.7	37.0	(P) 37.0
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series	Wages, 2010
	Hourly		Annual
	Median	Mean	Median	Mean
Brokerage clerks	$19.32	$20.57	$40,180	$42,790
Financial analysts	$41.42	$51.44	$86,160	$106,990
Financial managers	$71.76	$78.50	$149,270	$163,280
Personal financial advisors	$37.61	$51.36	$78,220	$106,840
Securities, commodities, and financial services sales agents	$42.11	$53.87	$87,580	$112,050

(Source: Occupational Employment Statistics)

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 securities, commodity contracts, and other financial investments 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	2007	2008	2009	2010
Fatalities
Number of fatalities		3	8	(P) 3
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	0.3		0.2	0.3
Cases involving days away from work, job restriction, or transfer	0.1	0.1	0.1	0.1
Cases involving days away from work	0.1	0.1	0.1	0.1
Cases involving days of job transfer or restriction	(1) 0.0	(1) 0.0	(1) 0.0	(1) 0.0
Footnotes (1) Rounded to zero (P) Preliminary

(Source: Injuries, Illnesses, and Fatalities)

Prices

This section provides industry-specific pricing information. The producer price index measures the percentage change in prices that domestic producers receive for goods and services. The prices included in the producer price index are from the first commercial transaction.

Data series	Back data	Sep. 2011	Oct. 2011	Nov. 2011	Dec. 2011
Producer price index		(P) 127.1	(P) 125.5	(P) 124.6	(P) 123.6
Percent change from previous month		(P) -0.7%	(P) -1.3%	(P) -0.7%	(P) -0.8%
Footnotes (P) Preliminary

(Source: Producer Price Indexes)

Workplace Trends

This section presents data on the number of establishments in securities, commodity contracts, and other financial investments and related activities.

Establishments

Data series	Back data	3rd quarter 2010	4th quarter 2010	1st quarter 2011	2nd quarter 2011
Number of establishments
Private industry		93,492	94,060	(P) 93,224	(P) 93,752
Local government		28	28	(P) 27	(P) 27
State government		9	9	(P) 9	(P) 10
Federal government		2	2	(P) 2	(P) 2
Footnotes (P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Other BLS Resources

Career Guide to Industries

See securities, commodities, and other investments in the Career Guide to Industries.

 

Data extracted on: February 10, 2012