Atlanta, GA (PRWEB) July 01, 2016
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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