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.

Industries in the Securities, Commodity Contracts, and Other Financial Investments and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting securities issues and/or making markets for securities and commodities; (2) acting as agents (i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securities and commodity exchange services; and (4) providing other services, such as managing portfolios of assets; providing investment advice; and trust, fiduciary, and custody services.

North American Industry Classification System

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
May
2012
Jun.
2012
Jul.
2012
Aug.
2012

Employment (in thousands)

 

Employment, all employees (seasonally adjusted)

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801.6 804.1 (P) 804.9 (P) 806.7

Employment, production and nonsupervisory employees

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601.4 607.5 (P) 604.1  

Layoffs

 

Mass layoff events

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3 (1) - (1) - (1) -

Initial claimants for unemployment benefits

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210 (1) - (1) - (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 Back
data
3rd quarter
2011
4th quarter
2011
1st quarter
2012
2nd quarter
2012

Extended mass layoff events

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4 5 (P) 6 (P) 4

Separations

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718 1,104 (P) 1,175 (P) 891

Initial claimants

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514 852 (P) 651 (P) 462

Footnotes
(P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation

Data series Employment,
2011

Brokerage clerks

47,970

Financial analysts

53,350

Financial managers

26,310

Personal financial advisors

96,490

Securities, commodities, and financial services sales agents

173,140

(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
Apr.
2012
May
2012
Jun.
2012
Jul.
2012

Average hourly earnings

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$44.68 $44.68 $44.71 (P) $45.37

Average weekly hours

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39.8 37.8 37.9 (P) 39.5

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Apr.
2012
May
2012
Jun.
2012
Jul.
2012

Average hourly earnings

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$34.17 $34.18 $33.77 (P) $34.42

Average weekly hours

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38.3 37.0 37.3 (P) 38.8

Footnotes
(P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2011
Hourly Annual
Median Mean Median Mean

Brokerage clerks

$20.10 $21.12 $41,810 $43,920

Financial analysts

$42.66 $52.50 $88,730 $109,190

Financial managers

$75.78 $81.66 $157,630 $169,850

Personal financial advisors

$37.10 $50.28 $77,170 $104,580

Securities, commodities, and financial services sales agents

$44.84 $57.04 $93,270 $118,650

(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 2008 2009 2010 2011

Fatalities

 

Number of fatalities

3 8 4 (P) 7

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

 

Total recordable cases

  0.2 0.3  

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

0.1 0.1 0.1  

Cases involving days away from work

0.1 0.1 0.1  

Cases involving days of job transfer or restriction

(1) 0.0 (1) 0.0 (1) 0.0  

Footnotes
(1) Rounded to zero
(P) Preliminary

Blank cells indicate no data reported or data that do not meet publication criteria.

(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
May
2012
Jun.
2012
Jul.
2012
Aug.
2012

Producer price index

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(P) 128.9 (P) 126.6 (P) 128.1 (P) 129.5

Percent change from previous month

  (P) -1.2% (P) -1.8% (P) 1.2% (P) 1.1%

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
2nd quarter
2011
3rd quarter
2011
4th quarter
2011
1st quarter
2012

Number of establishments

 

Private industry

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93,613 94,350 94,663 (P) 94,367

Local government

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27 28 28 (P) 28

State government

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10 9 9 (P) 9

Federal government

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2 2 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: September 27, 2012