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
Sep.
2016
Oct.
2016
Nov.
2016
Dec.
2016

Employment (in thousands)

Employment, all employees (seasonally adjusted)

2,612.1 2,614.7 (p)2,618.6 (p)2,625.5

Employment, production and nonsupervisory employees

1,970.1 1,972.6 (p)1,981.8  

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2015

Customer service representatives

217,130

Financial managers

97,740

Loan interviewers and clerks

168,010

Loan officers

248,550

Tellers

487,690

(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
Aug.
2016
Sep.
2016
Oct.
2016
Nov.
2016

Average hourly earnings

$29.99 $30.00 $30.23 (p)$30.26

Average weekly hours

38.1 38.2 38.7 (p)38.1

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data
Aug.
2016
Sep.
2016
Oct.
2016
Nov.
2016

Average hourly earnings

$22.36 $22.54 $22.79 (p)$22.71

Average weekly hours

37.0 37.1 37.9 (p)37.1

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2015
Hourly Annual
Median Mean Median Mean

Customer service representatives

15.72 16.51 32,690 34,330

Financial managers

43.76 54.13 91,030 112,600

Loan interviewers and clerks

17.96 18.63 37,360 38,740

Loan officers

29.77 35.38 61,920 73,600

Tellers

12.68 13.09 26,380 27,230

(Source: Occupational Employment Statistics)

Employer Compensation Costs

Data series Back
data
4th quarter
2015
1st quarter
2016
2nd quarter
2016
3rd quarter
2016

12-month percent change

Total compensation

2.3% 2.2% 2.0% 3.0%

Wages and salaries

2.4% 2.3% 2.1% 2.7%

(Source: Compensation Cost Trends)



Data series Back
data
3rd quarter 2016
Compensation component
($ per hour worked)
Percent of total compensation

Compensation costs

Total compensation

41.37 100.0

Wages and salaries

27.64 66.8

Total benefits

13.73 33.2

Insurance

3.84 9.3

Retirement

1.77 4.3

(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 2012 2013 2014 2015

Fatalities

Number of fatalities

7 12 15 11

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

Data series 2015

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

Total recordable cases

0.6

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

0.2

Cases involving days away from work

0.2

Cases involving days of job transfer or restriction

(1)0.0

Footnotes
(1) Rate rounded to zero

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
3rd quarter
2015
4th quarter
2015
1st quarter
2016
2nd quarter
2016

Number of establishments

Private industry

180,415 181,188 (p)180,129 (p)180,353

Local government

29 29 (p)31 (p)30

State government

21 21 (p)22 (p)22

Federal government

661 660 (p)655 (p)651

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: January 18, 2017