Financial Industry Adds 16,000 Jobs in June

According to, a report by the U.S. Bureau of Labor Statistics revealed the creation of 16,000 financial jobs for the month of June, a marginal increase of 0.19% over gains made in May. also said, citing data from the Economic Situation Report, that the financial activities super-sector employed 8.3 million people at the end of June, a 2% increase over June 2015. The unemployment rate for the super-sector now sits at 2.2%, down from 2.5% last year. The financial activities super-sector includes data from the financial and insurance sector, and the real estate, rental and leasing sector.

Within the sector, finance and insurance gained 9,000 jobs, while real estate, rental and leasing gained 7,000 jobs. Gains within the finance and insurance sector primarily occurred within the insurance carriers and related activities subsector, which gained 7,300 jobs in June. Rental and leasing services gained the majority of jobs within its parent sector, with 4,300 jobs added.

Across all industries, total nonfarm payroll employment increased by 287,000 in June with an unemployment rate of 4.9%. Last month, job growth mostly occurred in leisure and hospitality, healthcare and social assistance and financial activities. The information sector also experienced an increase in employment largely due to the return of workers from a strike.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.