Employment of financial clerks is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Projected employment change will vary by specialty as follows:
Employment of billing and posting clerks is projected to grow 13 percent. Job growth is anticipated to be particularly strong for those in medical billing because increased demand for healthcare services will require more of these workers.
Employment of loan interviewers and clerks is projected to grow 9 percent. Tighter lending standards and regulations will create demand for workers whose job is to verify the accuracy of loan applications. However, the use of online loan applications will somewhat reduce the need for these workers to conduct in-person interviews.
Employment of brokerage clerks is projected to grow 9 percent. The automation of securities transactions will lead to slower growth for these workers.
Employment of insurance claims and policy processing clerks is projected to grow 6 percent. These workers are heavily concentrated in the insurance industry; therefore, their job growth will be determined mainly by the performance of the insurance industry as a whole.
Employment of gaming cage workers is projected to grow 5 percent. Employment may grow as more state-owned casinos open and the private gaming industry expands.
Employment of payroll and timekeeping clerks is projected to decline 3 percent. The automation of this work and the use of computer software that allows employees to update and record their own payroll and timekeeping information will reduce demand for these workers.
Employment of credit authorizers, checkers, and clerks is projected to decline 6 percent. The availability of online credit reports will reduce the need for these workers.
Employment of procurement clerks is projected to decline 8 percent. The need for procurement clerks may be limited because of the increasing use of the Internet to place orders, a situation which means that fewer procurement clerks will be required to handle the same number of orders.
Employment of new accounts clerks is projected to decline 8 percent. There is less of a need for these workers because many customers can now open accounts online.
Job prospects for financial clerks are likely to be favorable, because many workers are expected to leave this occupation. Employers will need to hire new workers to replace those leaving the occupation.
Percent change in employment, projected 2014-24
Total, all occupations
Office and administrative support occupations
Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program