Financial Jobs Drop Slightly in November, Report Says

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

FinancialJobsWeb.com Shares Finance Employment Trends
The number of new job postings on FinancialJobsWeb.com remains fairly constant with little volatility despite the range in employment gains of the past few months.

The financial industry gained 6,000 jobs in November, a drop of 33 percent from October’s gain of 9,000 jobs, according to the Bureau of Labor Statistics’ Economic Situation Report released on Friday, December 2, 2016.

“Employment gains within the financial industry have wavered over the past few months,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “While last month’s gains dropped compared to the previous month, November’s gains were up 200 percent from 2,000 in September. If we look back to last year, the financial industry gained 18,000 jobs in November 2015.”

“The number of new job postings on FinancialJobsWeb.com remains fairly constant with little volatility despite the range in employment gains of the past few months,” said Rollins. “We’re seeing a large number of job postings in financial advising and cyber security.”

The BLS report revealed that credit intermediation and real estate had the highest employment gains for the month of November, adding 4,900 and 4,200 jobs, respectively. Insurance carriers and rental and leasing services both lost 1,300 jobs.

The financial activities supersector now sits at 8,335, 000 employed persons with an unemployment rate of 2.8 percent.

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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