Eight Thousand Financial Jobs Added in May

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FinancialJobsWeb.com, Leading Financial Career Site, Shares Employment Trends from the U.S Bureau of Labor Statistics’ Economic Situation Report

FinancialJobsWeb.com Shares Finance Employment Trends

The U.S Bureau of Labor Statistics revealed a growth of 8,000 financial jobs for the month of May, according to a report released on Friday, June 3, 2016.

In the monthly Economic Situation report, the BLS revealed that the financial activities supersector grew by 0.10 percent in the number of employed persons, increasing from 8,247,000 in April to 8,255,000 jobs in May. Unemployment dropped to 1.8 percent last month from 2.7 percent in April.

Over the last 12 months, employment in the supersector has increased by 1.9 percent or 157,000 jobs, while unemployment has decreased by 0.5 percent from 2.3 percent in May 2015.

Within the supersector, the finance and insurance sector gained 2,900 jobs in May, while the real estate, rental and leasing sector gained 5,500 jobs. Within finance and insurance, monetary authorities (-100) and credit intermediation and related activities (-2,300) lost jobs. Only lessors of nonfinancial intangible assets lost jobs (-200 jobs) within real estate, rental and leasing.

Across all industries, total nonfarm payroll employment increased by 38,000 in May. The unemployment rate declined by 0.3 percentage point to 4.7 percent, and the number of unemployed persons declined by 484,000 to 7.4 million. Last month, job growth occurred in health care while employment in mining, information, and manufacturing declined.

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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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