The following comments cover the career grouping of Finance and insurance administrative occupations.
Retirements will account for the majority of these job openings. The retirement rate in this occupation will be very high during the forecast period, surpassing the average retirement rate for all occupations. This is mainly attributable to the fact that workers in this occupation are on average older than those in other occupations.
Even though the number of new jobs created is lower than the number of retirements and lower than past job creation, the employment growth rate will still be the same as the all-occupation average. The relatively weak employment growth during the 2011-202 period is largely attributable to a downturn in economic activity relative to recent years, which inevitably leads to a decreased demand for administrative workers. New graduates will make up the majority of job seekers over the 2011-2020 period. Job seekers from other occupations will move into this career because of relatively high wages (compared to other administrative services occupations) and to task specialization, which attract experienced secretaries, recorders and transcriptionists and general clerical workers to this occupation.
Job Seekers: 80,723
Job Openings: 111,725
Job prospects for this career are rated Good