Finance a Bright Light in Jobs Report

Finance Outlook Bright Image

Despite a lukewarm jobs report in March, there is some good news for professionals with finance and accounting experience on their resumes

 as the sector begins to show signs of recovery. 

According to the latest job figures, banking positions in both commercial and depositary rose during the first quarter of this year, as well as jobs in real estate, according to the Wall Street Journal.

Nigel Gault, chief U.S. economist with IHS Global Insight, an Englewood, Colorado-based financial and economic forecasting firm, told FINS.com that the finance sector is seeing some of its strongest growth since the economic downturn, adding 15,000 job in March. He said the growth is a good sign that “points to some improvement in lending activity,” which is also a signal of renewed consumer confidence and belief that the housing market is starting to pick up.

Some of the largest gains were also made in accounting and bookkeeeping with more firms increasing their financial analysts and controllers workforce over the past few months.

According to the Bureau of Labor Statistics, employment opportunities for accountants and auditors are expected to increase by 16% through the end of the decade.

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