Atlanta, GA (PRWEB) August 31, 2016
In a report released on Friday, August 5, 2016, the U.S. Bureau of Labor Statistics revealed the creation of 18,000 financial jobs for the month of July, a marginal increase of 12 percent over gains made in June 2016.
According to the Economic Situation Report, the financial activities supersector employed 8,299,000 people at the end of July with a 2.4 percent unemployment rate, up 0.2 percent over the previous month. Over the course of the year, the supersector has added 162,000 jobs. The financial activities supersector includes data from the financial and insurance sector, and the real estate, rental and leasing sector.
Within the financial activities supersector, the finance and insurance sector accounted for 10,000 new jobs in July, growing to 6,155,800 jobs overall with an unemployment rate of 2.3 percent. Real estate, rental and leasing gained 7,200 jobs. The sector now sits at 2,142,700 jobs with an unemployment rate of 2.7 percent.
Across all industries, total nonfarm payroll employment increased by 255,000 jobs in July, while the unemployment rate remained unchanged at 4.9 percent. Last month, job growth mostly occurred in professional and business services, healthcare, and leisure and hospitality.
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