U.S. Bureau of Labor Statistics

Industries at a Glance

Funds, Trusts, and Other Financial Vehicles: NAICS 525

About the Funds, Trusts, and Other Financial Vehicles subsector

The funds, trusts, and other financial vehicles subsector is part of the finance and insurance sector.

Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e., funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other investment income, but have little or no employment and no revenue from the sale of services.

North American Industry Classification System

The funds, trusts, and other financial vehicles subsector consists of these industry groups:

Insurance and Employee Benefit Funds: NAICS 5251
Other Investment Pools and Funds: NAICS 5259

NOTE: There was a change in the definition of this subsector between NAICS 2002 and NAICS 2007. Some of the data below reflect the 2002 definition and some reflect the 2007 definition. See the BLS implementation schedule for NAICS 2007 to find out which BLS programs have already implemented NAICS 2007.

Workforce Statistics

This section provides information relating to employment in funds, trusts, and other financial vehicles. 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	Jan. 2013	Feb. 2013	Mar. 2013	Apr. 2013
Employment (in thousands)
Employment, all employees (seasonally adjusted)	87.0	86.4	(P) 86.6	(P) 86.8
Employment, production and nonsupervisory employees	61.5	60.9	(P) 61.7
Layoffs
Mass layoff events	(1) -	5	(1) -
Initial claimants for unemployment benefits	(1) -	271	(1) -
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	2nd quarter 2012	3rd quarter 2012	4th quarter 2012	1st quarter 2013
Extended mass layoff events	-	-	(P) -	(P) -
Separations	-	-	(P) -	(P) -
Initial claimants	-	-	(P) -	(P) -
Footnotes (P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation


Data series	Employment, 2012
Accountants and auditors	4,870
Bookkeeping, accounting, and auditing clerks	2,580
Claims adjusters, examiners, and investigators	3,010
Financial analysts	3,940
First-line supervisors/managers of office and administrative support workers	4,450

(Source: Occupational Employment Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for funds, trusts, and other financial vehicles.

(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 funds, trusts, and other financial vehicles.

Earnings and Hours of All Employees


Data series	Dec. 2012	Jan. 2013	Feb. 2013	Mar. 2013
Average hourly earnings	$34.87	$35.21	$35.49	(P) $35.82
Average weekly hours	38.8	37.5	37.6	(P) 37.9
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees


Data series	Dec. 2012	Jan. 2013	Feb. 2013	Mar. 2013
Average hourly earnings	$27.59	$27.77	$28.18	(P) $28.48
Average weekly hours	39.4	38.2	38.5	(P) 38.8
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation


Data series	Wages, 2012
	Hourly		Annual
	Median	Mean	Median	Mean
Accountants and auditors	$33.80	$38.16	$70,300	$79,370
Bookkeeping, accounting, and auditing clerks	$20.01	$20.01	$41,620	$41,620
Claims adjusters, examiners, and investigators	$27.61	$29.31	$57,430	$60,960
Financial analysts	$40.32	$49.04	$83,860	$102,000
First-line supervisors/managers of office and administrative support workers	$29.75	$31.42	$61,870	$65,350

(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 funds, trusts, and other financial vehicles. 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	2008	2009	2010	2011
Fatalities
Number of fatalities
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	0.6	0.7	1.2	0.6
Cases involving days away from work, job restriction, or transfer	0.3	0.3	0.4	0.2
Cases involving days away from work	0.2	0.2	0.3	0.1
Cases involving days of job transfer or restriction	0.1	0.1		0.1
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 funds, trusts, and other financial vehicles.

Establishments


Data series	4th quarter 2011	1st quarter 2012	2nd quarter 2012	3rd quarter 2012
Number of establishments
Private industry	7,972	(P) 7,871	(P) 7,925	(P) 8,002
Local government	67	(P) 67	(P) 67	(P) 68
State government	28	(P) 30	(P) 30	(P) 30
Federal government	7	(P) 8	(P) 8	(P) 8
Footnotes (P) Preliminary