According to recent data provided by the Bureau of Labor Statistics and new analysis by Granted Inc. , the U.S. financial and insurance industry experienced a significant low unemployment rate of 3.8% in November. The U.S. financial market, according to the BLS, includes firms involved in money transactions, like banks, investment firms, and pension programs. The market has seen a considerable fall in the unemployment rate since January 2009, when it was 7.1%.
In addition, displaying an upswing in the U.S. job market, the BLS report shows a decline in the number of unemployed persons, at 10.9 million, and the unemployment rate, at 7.0 percent, during the month of November. [...]
The Bureau of Labor Statistics announced that in the week ending November 16, the figure for seasonally adjusted initial claims was 323,000, which is lower than the previous week’s revised figure of 344,000. This signifies a continual decrease in the month of November in national unemployment claims.
In the same period last year initial seasonally adjusted claims were at 400,000, with the four-week moving average of 395,250-roughly a 23% decrease, which is a significant statistic. The decreases were spread out all across the United States with Florida leading the pack because of fewer layoffs in agriculture, construction, manufacturing, retail trade and the service [...]