The financial activities industry, sometimes called a “super sector,” comprises two distinct sectors: finance and insurance and real estate and rental and leasing. Both have faced a host of opportunities and challenges due to changing technologies and the regulatory environment. In 2016, financial activities contributed $243.4 billion to Texas’ gross domestic product (GDP). Women account for 56 percent of the state’s 740,000 jobs in this industry.
This industry contributed
to the state GDP in 2016.
Jobs held by Texas women in this industry
These jobs generate additional business activities that ultimately support more than 1.5 million jobs in other industries of the Texas economy.
Sources: BEA, Emsi, Texas Comptroller of Public Accounts
Number of Jobs
Average Annual Earnings
|Women's Jobs||Women's Share of Total Jobs|
|Financial Activities Total||740,250||$92,707||415,720||56%|
|Finance and Insurance||529,619||$102,155||324,568||61%|
|Monetary Authorities - Central Bank||1,457||$118,025||594||41%|
|Credit Intermediation and Related Activities||258,445||$88,751||162,608||63%|
|Securities, Commodity Contracts and Other Financial Investments and Related Activities||67,050||$188,393||32,394||48%|
|Insurance Carriers and Related Activities||201,802||$89,975||128,580||64%|
|Funds, Trusts and Other Financial Vehicles||865||$237,351||392||45%|
|Real Estate and Rental and Leasing||210,631||$68,950||91,153||43%|
|Rental and Leasing Services||61,987||$65,709||15,883||26%|
|Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)||2,229||$118,403||981||44%|
|Sector||Occupation||Womens Share of Total Jobs|
|Insurance Sales Agents||
|Securities, Commodities and
Financial Services Sales Agents
|Insurance Claims and
Policy Processing Clerks
|Real Estate and
Rental and Leasing
Repair Workers, General
|Counter and Rental Clerks||
|Office Clerks, General||
|Real Estate Sales Agents||
|Property, Real Estate
Community Association Managers
|Sector/Industry||Earnings for 2010||Earnings for 2016||Earnings Growth|
|Financial and Insurance||$4,104||$5,086||24%|
|Real Estate and Rental and Leasing||$3,217||$4,053||26%|
Source: U.S. Census Bureau
…in all other industries of the Texas economy
Sources: Emsi, Texas Comptroller of Public Accounts
The financial activities industry comprises two large, dynamic sectors that generally grow in line with the wider economy. The industry continues to operate as an important employer in Texas, contributing the highest share of economic income despite fairly low employment. Texas women working in financial activities generate additional business activities that ultimately support nearly 416,000 jobs in other industries throughout the state economy.
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