Employment of brokerage clerks is expected to decline through the year 2012, as technological advancements continue to automate many of their job duties. With people increasingly investing in securities, brokerage clerks will still be required to process larger volumes of transactions. Moreover, some brokerage clerks will still be needed to update records, enter changes to customers’ accounts, and verify transfers of securities. However, the emergence of online trading and widespread automation in the securities and commodities industry will limit demand for brokerage clerks in the coming decade. All job openings will stem from the need to replace clerks who transfer to other occupations or leave the labor force.
(See the introductory statement on information and record clerks
for information on working conditions, training requirements, and earnings.)