Since peaking in 2006 the financial activities

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Unformatted text preview: do through 2010, a decline of 10.2%. In 2010, Finance and Insurance Sector employment fell 2.3%, or by 2,400 jobs, and employment in the Real Estate and Rental and Leasing Sector decreased 3.6%, or by 1,600 jobs. These sectors continue to exhibit weakness, with employment expected to decline in 2011, to 143,500 jobs, and lose another 1,000 in 2012, to 142,500. Financial Markets Distortion, dIstorTion, disToRTion…this word perhaps more than any other describes the challenge in deciphering the capital markets. For example, the Federal Reserve implemented a new program known as Operation Twist. This moniker comes from the action of the Federal Reserve selling its short treasury holdings and moving out on the curve, purchasing longer maturities. What is the end result? A twisting of the yield curve. One of the goals of this program is to keep mortgage FINANCIAL ACTIVITIES EMPLOyMEnT FInAnCIAL ACTIvITIES EMPLOYMENT 2003-2012 2003–2012 (In Thousands) Approximately 45% of the employees in the Finance and Insurance Sector work at credit intermediaries, such as banks, credit unions, and other consumer savings and lending organizations. About 37% of the workers are employed at insurance carriers. The remainder work at...
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