Unemployment Down Overall But Up in Finance

by Derek Loosvelt | November 05, 2010

According to the Bureau of Labor Statistics (as reported on here in the ), about 151,000 jobs were added to U.S. payrolls last month. The welcome increase was a sign that the economy is moving in the right direction (or, at least, not moving in the wrong one). However, the numbers did nothing to decrease the unemplyment rate (9.6 percent) and, in fact, in the financial services sector (as FINS points out), unemployment actually increased last month. Still, the numbers of jobless in finance-related areas didn't rise by all that much (to 6.7 percent from 6.3 percent), and the rate of the financially unemployed is much better than it was a year ago, when it hovered around 7 percent.

Filed Under: Finance


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