Industries at a Glance

Financial Activities

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About the Financial Activities supersector

The financial activities supersector is part of the service-providing industries supersector group.

The financial activities supersector consists of these sectors:

Workforce Statistics

This section provides information relating to employment and unemployment in financial activities. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. The following tables present an overview of the industry including the number of jobs, the unemployment rate of those previously employed in the industry, job openings and labor turnover, union membership and representation, gross job gains and losses, and projections of occupational employment change.

Employment, Unemployment, and Openings, Hires, and Separations

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

Employment (in thousands)

Employment, all employees (seasonally adjusted)

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7,919 7,927 (P) 7,944 (P) 7,951

Employment, production and nonsupervisory employees (seasonally adjusted)

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6,114 6,119 (P) 6,136 (P) 6,149

Unemployment

Unemployment rate

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5.0% 4.8% 4.4% 3.6%

Job openings, hires, and separations (in thousands)

Job openings

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320 285 (P) 336

Hires

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194 218 (P) 222

Separations

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185 175 (P) 168

Footnotes
(P) Preliminary

(Source: Current Employment Statistics, Current Population Survey, Job Openings and Labor Turnover Survey)

Union Membership and Representation

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data
2010 2011 2012 2013

Union membership and representation

Members of unions (percent of wage and salary workers)

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2.0% 1.6% 1.9% 2.0%

Represented by unions (percent of wage and salary workers)

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2.5% 2.0% 2.5% 2.6%

(Source: Current Population Survey)

Dynamic Changes in Employment

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data
1st quarter
2013
2nd quarter
2013
3rd quarter
2013
4th quarter
2013

Dynamic changes in employment (in thousands)

Gross job gains

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346 365 350 365

Gross job losses

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325 328 346 354

(Source: Business Employment Dynamics)

Projections

For projected (future) employment estimates in financial activities, see the Employment and projected employment by major industry sector table.

(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, as well as weekly earnings by union membership status, are shown. This section also contains information on recent rates of change in wages and total compensation.

Earnings and Hours of All Employees

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data
Apr.
2014
May
2014
Jun.
2014
Jul.
2014

Average hourly earnings

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$30.56 $30.58 (P) $30.76 (P) $30.80

Average weekly hours

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37.1 37.3 (P) 37.2 (P) 37.1

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

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data
Apr.
2014
May
2014
Jun.
2014
Jul.
2014

Average hourly earnings

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$24.56 $24.61 (P) $24.67 (P) $24.69

Average weekly hours

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36.6 36.7 (P) 36.7 (P) 36.7

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Union Membership and Representation

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data
Median weekly earnings
2010 2011 2012 2013

Union membership and representation

Full-time workers

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$849 $866 $889 $905

Members of unions

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$806 $824 $795 $875

Represented by unions

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$799 $822 $779 $930

Nonunion

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$852 $866 $893 $905

(Source: Current Population Survey)

Employer Compensation Costs

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

12-month percent change

Total compensation

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2.2% 2.6% 2.1% 2.1%

Wages and salaries

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2.1% 2.8% 2.4% 2.0%

(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 financial 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 2009 2010 2011 2012

Fatalities

Number of fatalities

109 113 99 87

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

Total recordable cases

1.5 1.3 1.4 1.3

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

0.6 0.6 0.6 0.6

Cases involving days away from work

0.4 0.4 0.4 0.4

Cases involving days of job transfer or restriction

0.2 0.2 0.2 0.2

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 and the number of establishments experiencing job gains or job losses in financial activities.

Establishments

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data
1st quarter
2013
2nd quarter
2013
3rd quarter
2013
4th quarter
2013

Number of establishments

Private industry

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(P) 812,536 (P) 816,080 (P) 819,248 (P) 825,635

Local government

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(P) 1,846 (P) 1,848 (P) 1,846 (P) 1,845

State government

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(P) 107 (P) 108 (P) 107 (P) 109

Federal government

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(P) 839 (P) 842 (P) 839 (P) 794

Establishments with changes in employment (in thousands)

With job gains (seasonally adjusted)

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140 142 142 147

With job losses (seasonally adjusted)

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142 138 140 142

Footnotes
(P) Preliminary

(Source: Business Employment Dynamics, Quarterly Census of Employment and Wages)

Other BLS Resources

The Editor's Desk

See industry studies in the subject matter index of The Editor's Desk (Current Edition).

Career Guide to Industries

To learn about careers from an industry perspective, see the Career Guide to Industries.

Data extracted on: August 27, 2014

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