Banking Industry Employment
Until recently, the U.S. banking industry provided employment that was relatively free from the uncertainties that affected other industries, such as steel. However, banking employment is now falling; indeed, some analysts predict that the industry will lose 400,000 jobs in the next decade, despite increased supply and demand for many banking products.
Suggested citation: “Banking Industry Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-12, pp. 13, 12.01.1996.