Finance & Insurance Snapshot

12 Aug 22

Steady Growth Despite Tightening Financial Conditions

Finance & Insurance Labor Market Snapshot

Employment Trends in Finance and Insurance

The finance and insurance category increased by 10,900 new net jobs in August, which marks two consecutive months of solid growth. The overall U.S. economy has experienced high inflation and negative GDP growth, but the demand for labor remains increasingly robust.

Securities and commodities jobs have had high annualized growth, at 7.29% in August. Insurance jobs have also had steady growth, at 2.15%. Credit intermediation is the only subsector that experienced negative growth, falling by 0.94%.

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