Finance and insurance

According to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS), the Finance and insurance sector reported 264K job openings nationally during May 2026, paired with 123K hires and 127K total separations in the same month. The openings rate stood at 3.8% and the hires rate at 1.8%, meaning the sector filled roughly 47% of posted positions during the reference month. A fill ratio well below 100% indicates openings outpacing hires, a durable signal of structural labor demand rather than temporary seasonal tightness. These figures measure the national aggregate for the sector, computed by BLS from the JOLTS establishment survey and benchmarked to Current Employment Statistics estimates; they do not include self-employed workers or agricultural employment.

Turnover dynamics tell the deeper story: Finance and insurance recorded 76K voluntary quits (1.1% quits rate) and 28K layoffs and discharges in May 2026, for a combined separations rate of 1.9%. The quits rate, the single most-watched JOLTS metric, captures worker confidence: at current levels, it sits below the historical norm, which typically accompanies weaker outside options or sector-specific uncertainty. With quits (76K) exceeding layoffs (28K), employee-initiated separations dominate, the pattern associated with a worker-friendly labor market.

Geographic concentration matters for anyone interpreting these aggregates: BLS does not publish a state-by-industry JOLTS breakdown, so state-level concentration for this sector cannot be shown here. Versus the same month a year earlier, Finance and insurance openings contracted 34.2% - a double-digit decline of a magnitude historically associated with early-stage sector cooling. Every number on this page comes directly from the BLS JOLTS public dataset for May 2026; no extrapolations are applied.