Atlanta, GA (PRWEB) September 30, 2016
The financial industry gained 15,000 jobs last month, according to preliminary numbers in the Economic Situation report released by the U.S. Bureau of Labor Statistics on Friday, September 2, 2016.
The financial activities supersector now sits at 8,317,000 employed persons with an unemployment rate of 2.8 percent. Over the year, the supersector has added 167,000 jobs while the unemployment rate increased by 0.3 percentage point from 2.5 percent in August 2015.
Gains within the financial activities supersector occurred primarily in the finance and insurance sector, which grew by 14,400 jobs last month. Growth was evenly split between securities, commodity contracts, investments, and funds and trusts (5,800), insurance carriers and related activities (4,600), and credit intermediation and related activities (4,100). The real estate, rental and leasing sector only gained 600 jobs.
Across all industries, total nonfarm payroll employment increased by 151,000 in August, while the unemployment rate remained unchanged at 4.9 percent. Last month, employment continued to trend upwards for several service-providing industries like food services and drinking places, and professional and technical services.
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