Financial sector sheds jobs but unemployment rate improvesPosted by RJ and Makay on Feb 03, 2012 |
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While the overall unemployment rate fell to 8.3% in January amid solid job gains in all non-governmental sectors, the financial activities supersector unemployment rate improved from 5.6% in December to 4.9% in January, according to the Bureau of Labor Statistics. However, the supersector shed 5,000 jobs month-to-month, from 7,695,000 in December to 7,690,000 in January.
The nation’s unemployment rate fell to a 3-year low, to 8.3% in January, as non-farm payrolls added 243,000 jobs, the U.S. Labor Department reported today. The monthly job increase was the most since April of last year. The numbers exceeded expectations and were a strong indication that the recovery is spreading to the labor markets.
Cyber criminals have infiltrated the computer networks of at least a half-dozen major U.S. companies, but the firms have not admitted the incidents despite recent Securities and Exchange Commission (SEC) guidance urging such disclosures. Top securities officials believe that hacking is common in the corporate world yet companies are reluctant to admit such breaches.
