✉news BusinessFinance first seen 11 h ago, last 2 h ago, peak #5
Finance Sectors Continue Job Loss Spiral in August
The US financial sector recorded further job losses in August, extending a months-long decline in employment across banking, insurance and related industries. Analysts point to cost-cutting, higher interest rates and automation as firms trim payrolls. Hiring elsewhere in the economy is contrasted with the continued contraction in finance jobs, keeping attention on whether the losses will deepen through the autumn.
Why now: A rating agency reported continued job losses in the finance sector in August, fuelling concern about a sustained employment downturn in the industry.
KBRAfinance sectorUS labor market
Rank over time, top of the chart is #1. 8 snapshots from 11 h ago to 2 h ago.
Evidence
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