Atlanta, GA (PRWEB) April 15, 2016
The financial industry gained 15,000 jobs for the month of March, according to the latest employment numbers from the U.S. Bureau of Labor Statistics released on Friday, April 1, 2016.
The Economic Situation report revealed a growth of 0.18 percent in the number of employed persons within the financial activities supersector for the month of March, increasing from 8,212,000 jobs in February to 8,227,000 jobs in March. Unemployment for the supersector now sits at 3 percent for the month, a 0.6 percent decrease over February’s rate of 3.6 percent.
Within the supersector, the finance and insurance sector accounted for all growth gained last month. Credit intermediation and related activities gained 9,300 jobs, securities, commodity contracts, investments and funds and trusts gained 3,100 jobs, and insurance carriers and related activities gained 2,700 jobs. The real estate, rental and leasing sector lost 600 jobs, with 1,000 jobs gained in real estate and 1,600 jobs lost in rental and leasing services.
Total nonfarm payroll employment across all industries increased by 215,000 in March while the unemployment rate increased slightly to 5 percent, or 8 million unemployed persons. Over the year, the unemployment rate and the number of unemployed persons has decreased by 0.5 percentage point and 591,000, respectively. Last month, employment gains largely occurred in retail trade, construction and healthcare while job losses occurred in manufacturing and mining.
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