In the midst of the U.S. recession, the mortgage and finance industries have fared better than the country as a whole. Financial unemployment went down from 5.5 percent to 4.2 percent in 2013, and 77,000 financial jobs were created. The average financial industry hourly wage increased from $29.91 to $30.42. The Dodd-Frank Act and the S.A.F.E. Act brought forth significant regulatory reforms to the mortgage and finance industries.
The impact of recovery has been significant. Over the past five years, the Dow Jones has exhibited 99.68 percent growth; the NASDAQ has shown 180.81 percent growth; and the S&P has surged 118.23 percent in that span. With the economy in recovery mode, more organizations are examining the structure of their workforce to solve financial issues. As far as mortgage and finance jobs are concerned, the demand for quality talent is higher than ever. The top 10 states for mortgage and finance placement jobs include California, Texas, New York, North Carolina, Ohio, Florida, New Jersey, Pennsylvania, Indiana, Virginia and Massachusetts.
To learn more, check out this infographic.