Atlanta, GA (PRWEB) March 31, 2016
The financial industry gained 6,000 jobs for the month of February, according to the latest employment numbers from the U.S. Bureau of Labor Statistics released on Friday, March 4, 2016.
The Economic Situation report revealed a small growth of 0.07 percent in the number of employed persons within the financial activities supersector for the month, increasing from 8,206,000 jobs in January to 8,212,000 jobs in February. Unemployment for the supersector now sits at 3.6 percent for the month, a 0.5 percent increase over January’s rate of 3.1 percent.
Within the supersector, the finance and insurance sector gained 8,300 jobs, rising from 6,094,600 jobs in January to 6,102,900 jobs in February. The real estate, rental and leasing sector lost 2,500 jobs, dropping by 0.12 percent over the previous month.
Across the supersector, average hourly earnings for the month decreased to $31.98 from $32.12 last month. Average weekly hours slightly decreased to 37.6 from 37.7 last month.
Across all industries, total nonfarm payroll employment increased by 242,200 in February, while the unemployment rate was unchanged at 4.9 percent. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services.
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