Financial Industry Adds 11,000 Jobs in May, Report Says

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

FinancialJobsWeb.com Shares Finance Employment Trends
Employment growth dropped slightly in May compared to April’s gain of 14,000

The financial industry added 11,000 jobs in May, according to preliminary numbers reported by the U.S Bureau of Labor Statistics’ Economic Situation Report released on Friday, June 2, 2017.

“Employment growth dropped slightly in May compared to April’s gain of 14,000,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “Over the past year, employment in the financial industry has averaged 13,750 new jobs each month. Since the beginning of this year, employment has averaged 12,400 jobs largely due to a surge of 30,000 in January.”

Financial employments now sits at 842,800 employed persons with an unemployment rate of 2.3 percent. The financial activities supersector consists of the finance and insurance sector, including accountants, insurance sales agents, and loan officers; and the real estate, rental and leasing sector, which includes property managers and real estate agents.

Finance and insurance made up the majority of job gains in May, accounting for 60.9 percent of jobs gained last month. The finance and insurance sector now sits at 6,237,200 employed persons with an unemployment rate of 2.2 percent.

Real estate, rental and leasing added 4,400 jobs in May and now sits at 2,190,400 employed persons with an unemployment rate of 2.7 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 jobs in commercial banking, asset management, investment banking, mergers and acquisitions, real estate, securities, wealth management and more.

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