Finance Jobs Vanish, But
Not as Fast as Job Seekers
- Deal Journal - WSJ
Finance Jobs Vanish, But Not as Fast as Job
Seekers - Deal Journal - WSJ:
"Banks and underwriters trimmed 262,000 U.S. jobs
in the past 12 months, or 3.9% of all positions,
according to recent data requested from the Bureau
of Labor Statistics.
The only reason that the industry unemployment rate
did not spike in step was because an even greater
number of workers quit the business altogether,
jumping to other industries or retiring. The
experienced labor force for banks, brokerages and
insurance companies fell by 344,000 or 4.8% in the
last 12 months."

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