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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Financial industry jobless rate declines in February

Posted by RJ and Makay on Mar 04, 2011

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Financial Industry Jobless Rate Declines in FebruaryWith the overall unemployment rate now officially down to 8.9%, financial professionals may be wondering how the employment situation in their industry compares. According to the Bureau of Labor Statistics, things are better than average in the financial industry and continuing to gradually improve.

Indeed, BLS data for the "financial activities supersector," which consists of the Finance and Insurance sector and the Real Estate, Rental, and Leasing sector, show that joblessness in the supersector fell from 7.2% in January to 6.9% in February. As a whole, the supersector now has 7,608,000 employees, up from 7,605,000 in January.