Financial Industry Adds 17,000 Jobs in June

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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
Job gains mostly occurred in real estate and securities, while insurance lost jobs for the first time since March.

The financial industry added 17,000 jobs in June, an increase of 30 percent over the 13,000 jobs added in May, according to preliminary numbers reported by the U.S Bureau of Labor Statistics’ Economic Situation Report released on Friday, July 7, 2017.

“Over the last year, the financial sector has added 169,000 jobs at an average rate of 13,000 a month,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “Job gains mostly occurred in real estate and securities, while insurance lost jobs for the first time since March.”

The financial activities supersector now sits at 8,449,000 employed persons, with an unemployment rate of 2.5 percent. “Since the beginning of the year, the supersector has added 55,000 jobs while the unemployment rate has dropped by 0.8 percentage point from 3.3 percent in January,” said Rollins.

Last month, the majority of gains occurred in the real estate, rental and leasing sector (+9,500 jobs). Real estate added 7,100 jobs and rental and leasing services added 2,300 jobs.

The finance and insurance sector gained 7,100 in June jobs largely due to securities, commodity contracts, investments, and funds and trusts (+5,400 jobs), and the credit intermediation and related activities subsector (+3,800 jobs).

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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Bob Thomas
RSG, Inc.
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