Financial Industry Gains 13,000 Jobs in December, Up Over November

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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
Since the beginning of the year, employment within the financial industry has increased by 159,000 jobs, a small increase over the 149,000 jobs accumulated in 2015.

The financial industry added 13,000 jobs in December, a 62.5 percent increase in the number of jobs added over the previous month, according to the Bureau of Labor Statistics’ Economic Situation Report released on Friday, January 6, 2017.

“December’s job gains are closer to the monthly average, after several months of small gains ranging from 2,000 and 8,000 jobs,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “Since the beginning of the year, employment within the financial industry has increased by 159,000 jobs, a small increase over the 149,000 jobs accumulated in 2015.”

The financial activities supersector now sits at 8,349,000 employed workers, a 0.16 percent increase over November, with an unemployment rate of 2.6 percent. “December’s unemployment rate is the lowest of the fourth quarter by 0.1 and 0.2 percentage points,” said Rollins. “However, unemployment in the sector was lowest during the second quarter when it reached 1.4 and 2.2 percent.”

Job gains within the supersector occurred in finance and insurance, as opposed to real estate which only gained 400 jobs in December.

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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