The Bureau of Labor Statistics states that tellers must pay great attention to detail—deposits are double checked, checks must be verified in painstaking detail, and cash must be counted carefully.
But working as a teller can be a stepping stone into the banking industry. The Bureau of Labor Statistics expects the country to shed 40,000 of its 520,500 teller jobs between 2014 and 2024 — that’s about an 8% decline. This is 7% more than bank tellers nationwide, but it is 32% less than the typical North Carolina worker. Yet the Bureau of Labor Statistics says there were 520,500 teller jobs in 2014, a number BLS acknowledged would likely decline in the 10-year period from 2014 to 2024. According to the Bureau of Labor Statistics, the average salary for a bank teller in 2014 was $26,650, while the average hourly wage was $12.81. According to the Bureau of Labor Statistics, bank tellers in North Carolina earn an average of $32,100 a year, equivalent to $15.43 an hour.
Local Offices: Regional Offices. The U.S. Department of Labor's Bureau of Labor Statistics has various indexes that measure different aspects of inflation. Government branch: But it’s not all doom and gloom, Deen warned. It also offers a good starting point in a career if you don't have a college education. Cons. Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics The median annual wage for tellers was $31,230 in May 2019. Truity periodically updates our site with information from the BLS database. One reason the median teller salary may be so low is that the vast majority of tellers are women (89 percent), according to the Bureau of Labor Statistics, and women on average earn 11 percent less than men. I have been working at US Department of Labor full-time for more than 10 years. The career information above is taken from the Bureau of Labor Statistics Occupational Outlook Handbook. According to the U.S. Bureau of Labor Statistics, the outlook for bank tellers over the next decade relative to other occupations is much lower than the average for all occupations, driven by increased online banking activity, which has reduced the need for bank branches and bank tellers.
According to the Bureau of Labor Statistics, the need for bank tellers will be on the decline as a result of the increase in online banking activities. Bank Teller salaries ($23k) File Clerk jobs. Women have been in the work force for more than 100 years, but in honor of the 100th Anniversary of the Women’s Bureau, find the top 10 occupations women have held in each decade since 1920. On the low end, tellers earned a 25th percentile salary of $23,230, meaning 75 percent earned more than this amount. This is an “entry-level” position in the financial or banking industry, and you can become a teller with little experience or education. Summary report - provides some of the survey's key findings for both the public and private sectors; Summary tables - provides incidence rates and numbers for non-fatal injuries and illnesses broken down by category. Phone Number: 1-202-691-5200. "I think that men tend to only see the [teller] position as a stepping stone," says one bank executive, speaking on condition of anonymity. Main Address: Postal Square Building 2 Massachusetts Ave., NE Washington, DC 20212. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. Truity periodically updates our site with information from the BLS database. Bank Teller Salaries Based on what country you’re in, or even what state, the average salary for a bank teller can vary, but you already know that! A bank teller (often abbreviated to simply teller) is an employee of a bank who deals directly with customers. With an employment rate estimated to drop 8% by 2024 and with a salary lower than the minimum wage , it looks like the position is soon going to be completely replaced by machines and online banking. Bank Teller Salary in the US. ... Bank Teller jobs. Bureau of Labor Statistics .
Bank Teller Information. Therefore, bank tellers should be able to do basic math functions quickly and accurately. For a list of all industries with employment in this occupation, see the Create Customized Tables function.. Industries with the highest levels of employment in this occupation: This is an entry-level position that requires basic math and interpersonal skills. Facts About Bank Teller Jobs. According to the U.S. Bureau of Labor Statistics, the outlook for bank tellers over the next decade relative to other occupations is much lower than the average for all occupations, driven by increased online banking activity, which has reduced the need for bank branches and bank tellers. Inflation can be defined as the overall general upward price movement of goods and services in an economy. According to data from the 2016-2017 American Community Survey, the U.S. Bureau of Labor Statistics (BLS) reports that 36% of bank tellers in the U.S… Labor force participation rate represents the percentage of persons in the civilian non-institutional population 16 years and older that are employed or actively looking for work. As you might expect, the fairly low pay has forced many seasoned professionals to seek out other opportunities. The average salary of bank tellers, per PayScale, is $12.21 as of Jan. 2020. Source: Bureau of Labor Statistics, Current Population Survey Annual Averages 1975 - 2017.
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