Financial Industry Grows by 7,000 Jobs in August

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Leading Financial Career Site, FinancialJobsWeb.com, Shares Employment Trends from the Financial Jobs Industry.

FinancialJobsWeb.com Shares Finance Employment Trends

The financial activities industry saw an increase in employment with the addition of 7,000 jobs for the month of August, 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 July’s revised job numbers represented a growth of 0.13 percent over the preceding month. The financial industry now sits at 7,963,000 jobs for August, while July reported 7,956,000 financial jobs.

The majority of growth under the financial activities sector occurred in the finance and insurance sub-sector, specifically insurance carriers and related activities which grew by 6,200 jobs. Securities, commodity contracts, investments, and funds and trusts was the second largest growth area under the finance and insurance sub-sector at only 800 jobs.

The real estate, rental and leasing sub-sector saw a decrease of 800 jobs in August, with losses in real estate (-500 jobs), rental and leasing services (-200 jobs), and lessors of non-financial intangible assets (-100 jobs).

Overall, the total nonfarm payroll employment increased across all industries by 142,000 jobs in August, while the unemployment was little changed at 6.1 percent (a difference of 0.1 percent over the previous month).

About FinancialJobsWeb.com:
FinancialJobsWeb.com is the leading jobs website for financial careers. FinancialJobsWeb.com is updated daily with thousands of employment listings. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post financial job opportunities and browse a resume bank for applicants. Thousands of new financial jobs are listed each month by geographic location and specialty, including: asset management, commercial banking, investment banking, mergers and acquisitions, real estate, securities, wealth management and more.

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Bob Thomas
RSG, Inc.
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