Public finance activities

Industry Group

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Workforce
299k
2020 ACS Estimate
Average Employee Age
47.7
Average Salary
$68,128
Average Male Salary
$80,180
Average Female Salary
$78,193

About

The top three occupations in the Public finance activities Industry Group are Tax examiners & collectors, & revenue agents, Accountants & auditors, Property appraisers and assessors, Other managers, and Customer service representatives. On average, full-time employees in the Public finance activities Industry Group work 41 hours per week and have an average annual salary of $70,658. Part-time employees in the same industry work 20.8 hours and earn an average annual salary of $24,779.

The locations with the highest concentration of employees in the Public finance activities Industry Group are Roy, North Ogden, Ogden (Northwest) & West Haven Cities PUMA, UT, Wood, Pleasants & Wirt Counties PUMA, WV, and Rancho Cordova City PUMA, CA. The industry that purchases the most products or services from the Hospitals Industry Group is Public finance activities.

Workforce

A snapshot of jobs, wages, and opportunities in the Public finance activities Industry Group. Tax examiners & collectors, & revenue agents are the most common position, but the Public finance activities Industry Group employs a relatively high number of Tax examiners & collectors, & revenue agents, compared to other industries. 

The highest average salary in Public finance activities goes to Insurance claims & policy processing clerks.

Monthly Employment

Showing data for the Government industry sector.
Start Year
Y-Axis
1.33%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 22.5M people employed in the Government industry. This represents a 1.33% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Government over time (non-seasonally adjusted).

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Occupations

Occupations by Share

299k
Workforce (ACS Estimate)
± 13.4k
−0.0993%
1 Year Growth
± 6.35%

According to ACS estimates, the number of people employed in the Public finance activities Industry Group has been declining at a rate of −0.0993%, , from 299k people in 2019 to 299k people in 2020.

The following graphic shows the share of employment in Public finance activities by various occupations according to ACS estimates. Tax examiners & collectors, & revenue agents represent the largest share of positions held in Public finance activities at 15.4%, followed by Accountants & auditors with 11.6% and Property appraisers and assessors with 7.02%.

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Most Common

The most common occupations in the Public finance activities Industry Group, by number of employees, are Tax examiners & collectors, & revenue agents, Accountants & auditors, Property appraisers and assessors, Other managers, and Customer service representatives.

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Most Specialized

Compared to other Industry Groups, Public finance activities employs an unusually high number of Tax examiners & collectors, & revenue agents, Property appraisers and assessors, and Financial examiners.

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Highest Paid

The highest paid occupations in Public finance activities, by average wage, are Insurance claims & policy processing clerks, Sales managers, and Lawyers, & judges, magistrates, & other judicial workers.

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Wages

Average Salary

$68,128
AVERAGE WAGE
± $2,223

On average, employees in the Public finance activities Industry Group make $68,128 per year. This number makes Public finance activities the 71 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Public finance activities Industry Group.

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Wage Distribution

0.338
WAGE GINI

Public finance activities has a wage GINI of 0.338, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Public finance activities (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Public finance activities Industry Group.

These are locations that employ more people in the Public finance activities Industry Group than expected given both the size of that location's overall labor pool and the national size of the Public finance activities Industry Group.

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Diversity

Demographic information on the Public finance activities Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $80,180 and $78,193. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

190k
FEMALE WORKFORCE
±10.7k
109k
MALE WORKFORCE
±8.09k

63.6% of workers in the Public finance activities Industry Group are Female, making them the more common sex in the workforce. This chart shows the sex breakdown of the Public finance activities Industry Group.

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Wage by Sex in Common Jobs

$80,180
AVERAGE MALE SALARY
±$3,949
$78,193
AVERAGE FEMALE SALARY
±$3,839

On average, Male workers in the Public finance activities Industry Group make 1.03 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Public finance activities Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. Asian
  2. White
  3. Two or More Races

On average, Asian employees in the Public finance activities Industry Group earn 1.14 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Public finance activities Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Public finance activities Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Finance, insurance, real estate, rental, and leasing has the highest single input, by dollars, to the Public finance activities Industry Group, and the largest industry purchasing services from the Public finance activities Industry Group is Finance, insurance, real estate, rental, and leasing.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Public finance activities is from Public Administration.
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Intermediate Inputs

The closest comparable data for Public finance activities is from Public Administration.

The Public finance activities Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Finance, insurance, real estate, rental, and leasing Industry. This visualization does not include labor and capital costs.

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Use of Output by Other Industries

The closest comparable data for Public finance activities is from Public Administration.

The Finance, insurance, real estate, rental, and leasing Industry purchases the greatest share of products and services from the Public finance activities Industry Group in order to produce other goods and services. Purchases of the Public finance activities Industry Group for final consumption by consumers, businesses, or government are not included here.

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