8,000 Financial Jobs Added in November

The financial sector has added a monthly average of 11,600 jobs so far this year.

The financial industry added 8,000 jobs in November according to the Bureau of Labor Statistics’ Economic Situation Report released on Friday, December 8, 2017.

“November’s employment gains in the financial industry is comparable to October’s gain of 7,000 jobs,“ said Jay Rollins, owner of FinancialJobsWeb.com, a leading career site specializing in financial job postings. “The financial sector has added a monthly average of 11,600 jobs so far this year.”

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 8,492,000 employed workers. “Unemployment dropped to 2.1 percent in November, the lowest it’s been since May 2016.”

The finance and insurance sector lost 400 jobs in November; securities and commodities gained 2,700 jobs, while insurance and credit intermediation lost 2,300 and 800 jobs, respectively. Since the beginning of the year, the finance and insurance sector has gained 98,000 jobs.

The real estate sector gained 8,300 jobs; real estate added 4,700 jobs, while rental and leasing services added 3,600 jobs. Since the beginning of the year, this sector has added 59,100 jobs.

Across all industries, total nonfarm payroll employment grew by 228,000 jobs in November, while the unemployment rate and the number of unemployed persons held at 4.1 percent and 6.6 million, respectively. Employment gains for the month largely occurred in professional and business services, manufacturing, and healthcare.

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