Twenty Thousand Financial Jobs Created in April, Up 42 Percent Over March

Atlanta, GA (PRWEB) May 31, 2016

In its monthly Economic Situation report, the BLS revealed the number of employed persons within the financial activities supersector grew by 0.24 percent overall for the month of April, increasing to 8,249,000 jobs from 8,229,000 jobs reported in March. In relation to monthly growth, April’s employment gain is up by 42 percent over the previous month. In March, the supersector gained 14,000 jobs.

Within the financial activities supersector, the finance and insurance sector gained 14,400 jobs, accounting for 72 percent of the overall growth occurring last month. The credit intermediation and related activities subsector led growth within the finance and insurance sector with 7,900 jobs, while insurance carriers and related activities gained 5,500 jobs. The real estate, rental and leasing sector gained 5,200 jobs, largely due to gains in the rental and leasing services subsector (4,600 jobs).

Total nonfarm payroll employment increased by 160,000 jobs across all industries, while the unemployment rate held at 5.0 percent and the number of unemployed persons dropped slightly to 7.92 million from 7.96 million in March. Employment gains for the month occurred in professional and business services, health care, and financial activities, while job losses continued in mining.