Atlanta, GA (PRWEB) August 27, 2014
The financial industry saw an increase in employment with the addition of 7,000 jobs for the month of July, according to the latest employment numbers from the U.S Bureau of Labor Statistics released earlier this month.
The increase in employment represents a growth of 0.09 percent over the previous month’s reported job numbers, while June’s reported job numbers represented a growth of 0.30 percent. The financial industry now sits at 7,951,000 jobs for July, while June reported 7,944,000 financial jobs.
The unemployment rate for jobs in the financial activities industry sits at 3.6 percent for the month of July, down from 4.4 percent in June and 5 percent in April.
The majority of growth under the financial activities sector occurred in the finance and insurance sub-sector, including securities, commodity contracts, investments and funds and trusts (5,700 jobs); and insurance carriers and related activities (5,400 jobs). The real estate, rental and leasing sub-sector saw a decrease in jobs for the month of July, with rental and leasing services being the only area with growth at 1,800 jobs.
Overall, the total nonfarm payroll employment increased across all industries by 209,000 jobs in July, while the unemployment was little changed at 6.2 percent. The majority of job gains occurred in the professional and business services, manufacturing, retail trade and construction sectors.
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