Atlanta, GA (PRWEB) July 30, 2016
A report by the U.S. Bureau of Labor Statistics released on Friday, July 8, 2016, revealed the creation of 16,000 financial jobs for the month of June, a marginal increase of 0.19 percent over gains made in May 2016.
According to the Economic Situation Report, the financial activities supersector employed 8,280,000 people at the end of June, a 2 percent increase over June 2015. The unemployment rate for the supersector now sits at 2.2 percent, down from 2.5 percent last year. The financial activities supersector includes data from the financial and insurance sector, and the real estate, rental and leasing sector.
Within the supersector, finance and insurance gained 9,000 jobs, while real estate, rental and leasing gained 7,000 jobs. Gains within the finance and insurance sector primarily occurred within the insurance carriers and related activities subsector, which gained 7,300 jobs in June. Rental and leasing services gained the majority of jobs within its parent sector, with 4,300 jobs added.
Across all industries, total nonfarm payroll employment increased by 287,000 in June with an unemployment rate of 4.9 percent. Last month, job growth mostly occurred in leisure and hospitality, healthcare and social assistance, and financial activities. The Information sector also experienced an increase in employment largely due to the return of workers from a strike.
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