June Jobs Report: Employer Demand Is Strong for Financial Services Professionals

BLS June Jobs Report

The Bureau of Labor Statistics (BLS) released its June jobs report today, and the data shows U.S. employers added 223,000 jobs last month. The unemployment rate edged down slightly from 5.5 percent in May to 5.3 percent in June. According to BLS figures for the first six months of 2015, 1.25 million jobs have been added to the U.S. economy so far this year.

In his analysis of the June jobs report and information received from Robert Half staffing specialists around the country, Robert Half senior executive director Paul McDonald reports that employer demand is especially high in the financial services sector.

Healthcare and IT are also industries to watch, he says. In fact, hiring in the healthcare industry appears to be heating up: The sector added 40,000 jobs in June, according to the BLS; over the prior 12 months, job gains in the industry have averaged 34,000 jobs per month.

High demand, but shortage of skilled talent

The 2015 Salary Guide from Robert Half reports that business growth is driving financial hiring, and most employers find it challenging to locate skilled candidates for professional-level positions in areas such as accounting, auditing and compliance.

McDonald says the ongoing shortage of skilled financial talent and mounting regulatory pressures are two key reasons many financial services organizations are struggling to keep pace with today’s rapidly changing and complex business environment.

He also notes that financial services organizations — and finance organizations, in general — will need to hire more business analysts and business systems analysts as they become more data-centric.

Learn more

Visit the Robert Half blog to read McDonald’s full analysis of the June jobs report – and for tips on breaking into fast-growing sectors like financial services, healthcare and IT when you lack industry-specific skills and experience.