6,000 Financial Jobs Added in December

January 31, 2018 | By More

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

Atlanta, GA (January 31, 2018) — The financial industry added 6,000 jobs in December, according to the Bureau of Labor Statistics’ Economic Situation Report released on Friday, January 5, 2018.

“The financial industry added almost as many jobs in December as November’s 7,000 jobs,“ said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “Comparatively, the financial industry added 22,000 jobs in December 2016.”

Employment in the financial activities supersector, which includes employment data from the finance and insurance sector and the real estate, rental and leasing sector, now sits at 8,498,000 employed persons with an unemployment rate of 1.5 percent. Since December 2016, unemployment has dropped by 1.1 percent.

Finance and insurance added 3,700 jobs in December with an unemployment rate of 1.3 percent. Within the sector, credit intermediation and insurance account for most of the growth, adding 1,100 and 1,900 jobs respectively.

Real estate and rental and leasing added 2,200 jobs in December, with the majority being added in real estate (1,600 jobs). Unemployment for the month reached 2 percent, down from the 3.1 percent in November.

Across all industries, total nonfarm payroll employment added 148,000 new jobs in December while the unemployment rate remained unchanged at 4.1 percent for the third straight month. In 2017, payroll employment growth totaled 2.1 million, compared with 2016’s gain of 2.2 million.


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