Financial Job Gains Triple in October, Still Below Average

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

FinancialJobsWeb.com Shares Finance Employment Trends
In October, we saw an increase in the number of job postings from larger, international firms. A significant amount of these jobs were in compliance and consulting.

The financial industry gained 14,000 jobs in October, nearly three-and-a-half times more than the 4,000 jobs gained in September, according to the U.S. Bureau of Labor Statistics’ Economic Situation Report released on Friday, November 4, 2016.

“The number of open financial positions on our job boards certainly increased last month,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “In October, we saw an increase in the number of job postings from larger, international firms. A significant amount of these jobs were in compliance and consulting.”

Seasonally adjusted, the financial industry grew by 0.16 percent in October and now sits at 8,336,000 employed persons. “While October’s gains are a significant improvement over the month previous, the result is still below average for 2016,” said Rollins. “September 2016 was the lowest month of the year in terms of job growth within the financial industry. So far this year, job gains have ranged from 16,000 to 21,000 in 6 of the 10 months to date.”

The BLS also reported an unemployment rate of 2.7 percent in October, the lowest unemployment rate in three months. In July, the unemployment rate was 2.4 percent while the number of employed persons hit 17,000.

About FinancialJobsWeb.com:
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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RSG, Inc.
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