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Banking & Finance Sector Shows Largest Job Gains For 2nd Straight Month
For the 2nd straight month, LinkUp has reported that more new job listings were in the Banking & Financial Services industry than any other vertical category. For the month, new job listings in the Banking & Financial Services sector rose by 11,380 listings or 24%. This was even larger than the 9,904 new job listings posted within the industry during December. Total job postings during the month rose by 12% to 69,136. While some could rightly comment about the bill sent to taxpayers in order to create those jobs, it appears as if the TARP money may actually be flowing through the system and triggering an increase in hiring.
Much like yesterday’s state by state job listings data, there were more vertical industries that showed an increase (20) in the number of new listings than industries that reported a decrease (14) in new job listings. While more industries showed declines in total job listings (21) than increases (13), the number of industries showing improvement in both new and total job listings rose dramatically from December’s abysmal numbers when only 4 industries showed gains in new job listings and only 2 in total job listings.
In addition to Banking & Finance, other industries that saw gains in either new listings or total listings included Technology, Aerospace, Aviation, & Defense, Government, Legal, and Technology.
Industries that experienced declines included Internet, Non-Profit, Agriculture, Forestry, & Fishing, Retail, and Engineering & Architecture. By far, the worst performing sector was Health & Medical, which saw a decline in new job listings of 24,347 and a decline in total job listings of 34,135.
While January stands as another grim month for the U.S. jobs market, the rate of decline is showing signs of slowing, and perhaps the worst is over, at least in terms of the pace of job losses. For the moment, anyway, let’s at least hope that is the case.
LinkUp aggregates and publishes only job listings that are pulled directly from company web sites (13,086 company sites in January), meaning that the job listings, which are updated daily, represent real openings from real companies, with no duplicate listings, no job scams, and no 3rd party postings from staffing companies, recruiters, or head hunters.