Financial activities was one of the fastest-growing sectors in April, behind leisure and hospitality, education and health services, and professional and business services.
Atlanta, GA (PRWEB) May 31, 2017
The financial industry added 19,000 jobs in April according to preliminary numbers reported by the Bureau of Labor Statistics’ Economic Situation Report released on Friday, May 5, 2017.
“Financial activities was one of the fastest-growing sectors in April, behind leisure and hospitality, education and health services, and professional and business services,” said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “Employment in April jumped over 350 percent from the 4,000 jobs reported in March. Compared to last year, employment is only up by 1,000 jobs.”
The financial sector now sits at 8,422,000 employed persons with an unemployment rate of 2.3 percent. “Unemployment has averaged 2.6 percent over the last 12 months, with March and April’s unemployment remaining the lowest since June 2016,” said Rollins.
Finance and insurance accounted for 82 percent of job gains made within the financial activities supersector, or roughly 15,500 jobs. Within finance and insurance, insurance carriers and related activities added 14,000 jobs alone.
The real estate, rental and leasing sector added 3,300 jobs. Real estate accounted for most of the growth (3,500 jobs), while losses occurred in rental and leasing services (300 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.